Bessent says excess volatility in currency market "undesirable"

U.S. Treasury Secretary Scott Bessent said Tuesday that excess volatility in the currency market is "undesirable" and that he will be in close contact with Japan's Finance Ministry."I believe the fundamentals of the Japanese economy are strong and resilient, and that that will be reflected in the exchange rate," Bessent told reporters after meeting Prime Minister Sanae Takaichi and Finance Minister Satsuki Katayama in Tokyo.READ FULL ARTICLE