Japan's finance ministry declines to comment on market speculation about rate checks

USD/JPY crashed nearly 100 pips to 156.75, now hovering at 157.06. Volatility spike amid BOJ speculation.

JAPAN FINANCE MINISTER KATAYAMA: TWO-HOUR TALKS WITH U.S. TREASURY SECRETARY BESSENT. DISCUSSED FX AND FINANCIAL MARKETS. Japan’s Finance Minister Katayama said both sides agreed to maintain close contact and reaffirmed strong ongoing coordination. Japan’s Finance Minister Katayama noted that discussions with the U.S. on FX coordination have become more advanced.

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent on a seasonally adjusted basis in April, after rising 0.9 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.8 percent before seasonal adjustment. The index for energy rose 3.8 percent in April, ...