Japan's Finance Minister holds emergency online meeting with U.S. Treasury officials

Japanese Finance Minister Takayuki Katayama held an emergency online meeting with U.S. Treasury officials on the evening of June 22 local time. As the yen approaches its lowest level in 39 years, sources say she may have discussed trends in the foreign exchange market and the possibility of foreign exchange intervention with U.S. Treasury Secretary Basent. Previously, the USD/JPY fell sharply during intraday trading against the Japanese yen, triggering market speculation that the Japanese authorities had intervened.