US Treasury Bessent is to meet with Japanese PM Takaichi, Finance Minister Katayama and BoJ Governor Ueda for 3 days, starting Monday 11th, to discuss the weak yen, Nikkei reports

The upcoming meetings between US Treasury's Bessent and key Japanese officials suggest heightened scrutiny on the weak yen, which could lead to discussions about potential policy responses. This could shape market sentiment around the JPY and impact expectations for BoJ actions. If any agreement or joint action emerges, it could have significant implications for currency stability and broader risk appetite across assets, including commodities and fixed income.