Japanese Finance Minister Reportedly Holds Emergency Online Meeting with U.S. Treasury Officials

On June 22, multiple Japanese media outlets, including JNN and Kyodo News, reported that as the yen approaches its lowest level in 39 years, Japanese Finance Minister Shunichi Suzuki held an online meeting with U.S. Treasury officials on the evening of the 22nd local time. Sources indicate that she may have exchanged views with U.S. Treasury Secretary Janet Yellen regarding trends in the foreign exchange market and the possibility of foreign exchange intervention. Previously, the USD/JPY experienced a sharp decline during trading, raising speculation that Japanese authorities had intervened.