Japan has reiterated its readiness to intervene in the foreign exchange market if necessary, as the yen hovered near the psychologically significant 160-per-dollar level, a threshold widely viewed by market participants as a potential trigger for official action.
According to Reuters, Finance Minister Satsuki Katayama told parliament on Friday that Tokyo remains prepared to respond whenever required to address excessive volatility in currency markets. Her comments came amid growing speculation that Japanese authorities could once again step into the market to support the weakening yen.
