---
title: "US Treasury Secretary Bessent.  Excess FX volatility is undesirable."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286916018.md"
description: "Treasury Secretary Bessent stated that discussions at the G7 finance meeting were constructive and expressed confidence in Bank of Japan Gov. Ueda's monetary policy guidance. He noted that 'excess' volatility in the Forex market is undesirable, highlighting strong fundamentals in the Japanese economy. The USDJPY is expected to move lower, with key downside targets at 158.599 and 158.478."
datetime: "2026-05-19T12:48:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286916018.md)
  - [en](https://longbridge.com/en/news/286916018.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286916018.md)
---

# US Treasury Secretary Bessent.  Excess FX volatility is undesirable.

Treasury Secretary Bessent said that

-   G7 finance meeting talks were constructive,
-   He is confident the Bank of Japan Gov. Ueda will successfully guide monetary policy.
-   He added that "excess" volatility in the Forex market is undesirable.
-   He feels that the fundamentals of the Japanese economy are strong

initial reaction is for the USDJPY to move lower. The price had moved above the 159.00 midpoint of the trading range that confined the pair going back to early March to end of April between 158.00 to 160.00.The low from the North American session yesterday came in at 158.599. The rising 100 hour movie heirs comes in at 158.478. Both those levels are targets on the downside that if broken would give the sellers more confidence and control.

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