Japanese finance minister Kato met with Scott Bessent today

• Kato told Bessent that US tariffs are deeply regretful
• The US and Japan to communicate closely on FX

The disappointment in Monday markets was due to reports that Japanese officials had left Washington confused and wondering what the US wanted in a trade deal. At the same time, the US seemed to pivot towards India as the top priority.

The meeting today showed that they’re trying to get something between the US and Japan on track.

This article was written by Adam Button at www.forexlive.com.