Yen Falls Further Even as Katayama, Bessent Share Concerns

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The Japanese yen fell 0.6% to 159.05 per dollar due to concerns of a snap election, despite Finance Minister Katayama and US Treasury Secretary Bessent expressing concerns about the yen's weakening.

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Market impact analysis based on bearish sentiment with 80% confidence.

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Bearish
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80%
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Japan’s currency fell as much as 0.6% to 159.05 per dollar, with losses accelerating after local media outlet Kyodo reported that Prime Minister Sanae Takaichi told a senior member of the ruling Liberal Democratic Party that she intends to call a snap election. The currency’s losses deepened even after Japanese Finance Minister Satsuki Katayama said she had expressed her “concerns about the one-way weakening of the yen” at a meeting with her US counterpart Scott Bessent. “Treasury Secretary Bessent shares those concerns,” Katayama told reporters during a briefing following the talks in Washington.

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