Japan’s Katayama warns of FX action after US CPI heats up

AI-generated briefing · First published

Japanese Finance Minister Satsuki Katayama said she is ready to intervene in currency markets if needed after the yen hit a monthly low versus the dollar.

Japanese Finance Minister Satsuki Katayama warned speculators she is prepared to act in the currency market again if needed after the yen touched its weakest level this month following hotter US inflation figures. [1] [2] [3]

Katayama said the US and Japan’s stance has not changed since their July joint intervention to support the yen, and that Washington “stands with us.” The yen briefly reached 158.95 per dollar before paring losses as US Treasury yields fell. [1] [2] [3]

Sources

  1. Japan’s Katayama Renews FX Warnings After US CPI Heats Up

    Bloomberg · · Summary only

  2. 美国CPI升温后 日本片山皋月再度就日元发出警告

    Sina Finance · · Full text

  3. 美国CPI升温后 日本财务大臣再次发出外汇警告

    Sina Finance · · Full text

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