Japanese Yen Strengthens Ahead of G7 Meeting
Ahead of the highly anticipated G7 summit, Japan’s Finance Minister Katsunobu Kato announced that currency fluctuations will be a central topic in his discussion with U.S. Treasury Secretary Scott Bessent. The news has already had a market impact, with the Japanese yen strengthening significantly. The USD/JPY pair was trading at 141.81, as the dollar weakened on soft U.S. economic data. Japan’s assertive diplomatic stance, combined with a global appetite for stable currencies, has positioned the yen as a preferred safe-haven asset in May 2025. Traders are closely watching the summit for signals of coordinated policy shifts that could further influence currency markets.

Ahead of the highly anticipated G7 summit, Japan’s Finance Minister Katsunobu Kato announced that currency fluctuations will be a central topic in his discussion with U.S. Treasury Secretary Scott Bessent. The news has already had a market impact, with the Japanese yen strengthening significantly. The USD/JPY pair was trading at 141.81, as the dollar weakened on soft U.S. economic data. Japan’s assertive diplomatic stance, combined with a global appetite for stable currencies, has positioned the yen as a preferred safe-haven asset in May 2025. Traders are closely watching the summit for signals of coordinated policy shifts that could further influence currency markets.