0052 GMT - The yen strengthens against most other G-10 and Asian currencies ahead of a meeting between Japanese Finance Minister Kato and U.S. Treasury Secretary Bessent expected sometime this week. Market expectations for so-called "FX deal" at the meeting seem overly ambitious, three analysts of Nomura's Global FX Strategy team say in a research report. USD/JPY may have a little more scope to rise in short term, the analysts say. Given stretched long JPY positions shown in weekly data from Commodity Futures Trading Commission, investors might partly close their positions after the meeting, the analysts add. USD/JPY edges 0.2% lower to 143.15; AUD/JPY is down 0.2% at 91.02. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 23, 2025 20:52 ET (00:52 GMT)
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