EGN NEWS DESK
Japan flagged its concern over sudden and one-sided strikes within the forex market in its first warning to speculators in 2025 after the yen hit its lowest stage since July.
“We will take applicable motion if there are extreme actions within the forex market,” Finance Minister Katsunobu Kato informed reporters Tuesday, in a veiled menace of direct intervention. Kato stated he’s “deeply involved” about latest strikes, together with these pushed by speculators.
The finance minister spoke after the yen touched 158.42 towards the greenback on Tuesday morning, its weakest in virtually six months. The yen strengthened following Kato’s remarks. The forex was buying and selling round 158.11 at lunchtime in Tokyo.
