U.S., Japan say weak yen is a problem

U.S. and Japan agree the yen is weak. Treasury Secretary Scott Bessent and Finance Minister Satsuki Katayama said Sept. 25 that undervaluation is a concern, Japan says. Bessent said a stronger yen would match fundamentals like growth and rates. Dollar was 159.75 yen Aug. 31, Reuters reported, near 160 where intervention risk rises. I read this as cover for action.