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US Treasury Secretary Bessent says yen has substantially overshot equilibrium and US views excess yen volatility as unhealthy, adds the yen is very undervalued, according to Fox Business

StockNow breaking-news AI analysis

Secretary Bessent views the yen as significantly undervalued and volatile. Following these remarks, USD/JPY dropped sharply amid suspicions of Japanese currency intervention ahead of the BOJ's July policy meeting.

News detail

Says:Japan may have intervened in currency markets on Thursday.

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