On the trip:
The U.S. and Japan reached a framework agreement on rare earths and critical minerals, focusing on cooperative mining, processing, and securing supply chains for essential materials used in technology and defense.
Both nations agreed to strengthen collaboration on next-generation nuclear power and small modular reactor technology, supporting joint development, exports, and energy security efforts.
On defense and security, the two countries pledged to enhance deterrence and regional stability, expanding coordination across the Indo-Pacific and reaffirming their mutual defense partnership.
The leaders also advanced economic-security initiatives covering artificial intelligence, shipbuilding, and supply-chain resilience, strengthening industrial and technological ties.
The USDJPY remains higher after the BOJ kept rates unchanged and did not signal a rate hike any time soon. That pushed the USDJPY to the highest level since February 13, and above the 61.8% retracement of the trading range since the 2024 high at 153.397. The next target comes near 154.736. The high price today reached 154.44. The current price trades at 154.07.
