Japan fin min Kato says has shared views with US counterpart on FX (ie yen) rates

Japan finance minister Kato:

• Have shared views on FX with US counterpart
  Have shared views
  with US counterpart that FX rates are determined by markets,
  excessive volatility negatively impacts economy, financial stability

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This has been a bit of a saga this week, in order:

• Washington has signaled that it could treat currency manipulation as a nontariff barrier that could trigger a counter levy from the U.S.

• Japan finance minister Kato says Japan is not devaluing the yen
• More background on why Trump threatened Japan and China over currency deprecation

This article was written by Eamonn Sheridan at www.forexlive.com.