USD/JPY below 152.50: Trump/Takaichi meeting ahead, economy minister verbal intervention

JPY is getting a bit of a tailwind from the meeting coming up between Trump and Japan PM Takaichi.

• Coming up today - Trump meets Japan’s Takaichi to deepen defence, trade cooperation

Takaichi has already begun ingratiating herself:

• Japan PM Takaichi making final arrangements to recommend Trump for Nobel Peace Prize.

Hoping for a good outcome for Japan from the talks.

In addition, some mild verbal intervention:

• Japan's eco min says its important for FX moves to reflect fundamentals, be stable