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Japan's Finance Minister Signals Readiness for Market Intervention as USD/JPY Nears 160

GateNews
Forex
USDJPY200-0.04%
According to Jin10 data, Japan's Finance Minister Katsunobu Kato said Friday the government is prepared to take decisive action in response to foreign exchange market volatility. "As I have long stated, once we see exchange rate fluctuations or speculative moves, we can take decisive action," Kato said at a regular press conference. The Japanese yen has been approaching the psychological level of 160 against the U.S. dollar. Japan's Finance Ministry is scheduled to disclose foreign exchange intervention data from late April on Friday.
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