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17 Apr 2025

Japan’s Kato: Deeply concerned about US tariffs affecting Japan, world economy

Japanese Finance Minister Shunichi Kato said on Thursday that he is “deeply concerned about US tariffs affecting Japan, world economy.”

Additional quotes

Impact could be felt via various routes such as trade and financial markets.
There's a risk of exerting downwards pressure on Japan's economy.
No comment on what will be discussed on FX at possible meeting with US Treasury Secretary Scott Bessent.
No change to Japan's stance over recent FX market developments.
Actively exchanging views with the US on basic stance on FX.
Will closely communicate with the US on currency issues in light of market volatility.

Market reaction

USD/JPY was last seen trading at 142.75, up 0.61% on the day.

Apr 17, 2025

EUR/GBP trades in the red below 0.8600 mark ahead of ECB rate decision

The EUR/GBP cross struggles to capitalize on the previous day's goodish rebound from the 0.8525-0.8520 area or a fresh weekly low and attracts some intraday sellers on Thursday.

Silver price today: Silver falls, according to FXStreet data

Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.