Yen Gains Abruptly Then Pulls Back During Bessent Visit to Japan
Scott Bessent, left, with Satsuki Katayama in Tokyo on May 12.
Source: Ministry of FinanceThe yen strengthened sharply versus the dollar on Tuesday before falling back during a visit by US Treasury Secretary Scott Bessent to Japan.
The Japanese currency abruptly gained as much as 0.3% to 156.78 to the dollar in afternoon Tokyo trading. Currently the yen was up 0.2% at 157.50 as of 3:56 p.m. Tokyo time.