💱US Dollar/Japanese Yen FX Spot Rate
USDJPY
▼ NegativeMonetaryrelevance
Finance Minister declines to confirm intervention, but yen surged on speculation of intervention, indicating official concern about yen weakness.
Impact on assets 1
Others
Finance Minister Satsuki Katayama said on the 31st that she cannot answer questions regarding whether currency intervention took place. With the yen surging temporarily to the upper 157 range against the dollar in overseas markets, sparking market speculation of intervention, she stressed that authorities are always responding with a sense of urgency. Vice Finance Minister for International Affairs Atsushi Mimura also declined to comment on whether intervention occurred.
Finance Minister declines to confirm intervention, but yen surged on speculation of intervention, indicating official concern about yen weakness.