Verbal intervention risk rises as USD/JPY breaks above 2024 high
Japan’s latest FX rhetoric flags intervention risk but stops short of signalling it is imminent.
The dollar’s strength against the yen has drawn fresh concern from Japanese policymakers.
Finance Minister Katayama said Japan will respond to FX moves appropriately at any time, with bold action remaining an option.
The move is seen as fundamentally a dollar story tied to the Fed’s hawkish shift rather than a yen-specific selloff.