USD/JPY back under 142.50 with Kato comments cited

Earlier on Kato said Japan and the US were in agreement that excess FX volatility was not desired:

• Japan finance minister Kato says excess forex volatility is undesirable

Kato and his US counterpart Bessent in agreement has been enough to drive bids back into the yen:

This article was written by Eamonn Sheridan at www.forexlive.com.