Japan fin min Katayama said ready to respond to FX. Yen shrugs it off.
From the original
Japanese Finance Minister Satsuki Katayama regular press conference. Said prepared to respond appropriately at any time as needed on FX "On foreign exchange, we will respond appropriately at any time when necessary," This article was written by Eamonn Sheridan at investinglive.co
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Japan's Mimura yen verbal intervention again - says closely watching FX
The desk interprets Japan's recent verbal intervention by Vice Finance Minister Atsushi Mimura as a clear signal of the government's heightened vigilance over the yen's exchange rate. Per the full note [source], Mimura's comments indicate that the Japanese authorities are closely monitoring foreign exchange movements, suggesting that further interventions may be on the horizon. This aligns with our view that the yen could face increased volatility as the market reacts to potential intervention strategies. With the consensus target for USD/JPY sitting at 1.075, traders should remain alert to any shifts in policy or rhetoric from Japanese officials.
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