US, Japan reaffirm FX commitments, leave room for interventions
Yahoo Finance·2025-09-12 09:21
By Makiko Yamazaki and Leika Kihara TOKYO (Reuters) - The United States and Japan reaffirmed their commitment to "market determined" exchange rates, while agreeing that foreign exchange interventions should be reserved for combating excess volatility, according to a joint statement released on Friday. The latest agreement also notably made no new demands by the Trump administration on Tokyo around foreign exchange or other matters, a point analysts say will give Japan some relief as it navigates tricky b ...