Japan and US coordinating FX steps to curb yen weakness
Japan's Finance Minister Satsuki Katayama is expected to announce as early as Monday that Tokyo and Washington are coordinating measures in the foreign exchange market to halt the yen's slide, according to a source.
USDJPY
Finance Minister Satsuki Katayama will announce as early as Monday that Japan and the United States are working together on foreign-exchange steps to curb the yen's weakness, a person familiar with the situation said. The specifics of the coordinated measures were not disclosed.
The planned announcement comes as the yen has faced prolonged depreciation, drawing increased attention from policymakers in both countries.
Source: First Squawk