Decent option volumes after underlying futures jumped on Pres Trump's unexpected 25% tariff threat o...
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With Tsy Sec Bessent confirming to reporters that the US wouldn't require specific exchange rate targets for the yen in US-Japan trade talks ("absolutely no currency targets", Bessent is quoted as saying, per multiple wires), USDJPY has moved through the session high of 143.22 and now 1.3% higher on the session. Bessent had made similar comments earlier in the day in an interview with Nikkei and other media.