The yen held steady against G-10 and Asian currencies as traders awaited U.S. Treasury Secretary Bessent’s meetings in Tokyo with Prime Minister Takaichi and Finance Minister Katayama. Market attention centers on Washington’s stance toward yen intervention and Bank of Japan policy tightening.

Nomura’s FX Research team sees potential for sustained yen strength if the U.S. tolerates intervention and supports BOJ tightening. The dollar lingered near 157.22 yen, the euro edged to 185.20 yen, and the Australian dollar rose 0.2% to 113.90 yen, LSEG data showed.

With 157.22 yen per dollar, the currency pair remains under scrutiny. The upcoming meetings may clarify U.S.-Japan policy coordination, directly impacting yen volatility and intervention effectiveness.