Japan's Katayama Warns of FX Intervention, Ready to Act
Japan's Finance Minister Satsuki Katayama issued a verbal warning on Friday, saying authorities are prepared to take decisive action on foreign exchange rate moves as needed.
USDJPY
Japan's Finance Minister Satsuki Katayama delivered a verbal intervention on Friday, signaling that authorities are ready to act appropriately on currency shifts whenever necessary.
The comment is seen as a warning against rapid or disorderly yen moves, though no specific action was announced. Traders will watch for further official remarks or potential direct market intervention.
Source: FXStreet Forex News