Tokyo signals readiness for unlimited currency intervention to stabilize the yen, maintaining close contact with Washington.
Japan reiterated it has no restrictions on yen intervention to counter excessive volatility, emphasizing daily coordination with US authorities. The statement underscores Tokyo’s commitment to currency stability amid recent yen weakness near multi-decade lows against the dollar.
The yen has faced persistent pressure, trading near 160 per USD, a level last seen in 1990. Analysts note Japan’s past interventions in 2022 and 2024, though sustained moves require broader policy alignment. Market participants await further signals on potential joint action with the US.
No immediate market reaction was reported following the comments, though traders remain vigilant for signs of concrete intervention.