Japanese Government Monitoring Currency Markets Closely Amid Recent Volatility

Japan's Chief Cabinet Secretary watching FX markets closely
Matsuno expects cooperation between government and Bank of Japan
Watching FX markets with high sense of urgency
USD/JPY in consolidative phase currently
FX movements involve risks, require thorough research before investment decisions

fxstreet.com

Relevant topic timeline:

10/3/2023

Japanese Finance Minister Warns Against Speculative Yen Moves, Says Authorities Watching Market Closely

Japanese Finance Minister Shunichi Suzuki has stated that authorities are closely monitoring the currency market and are prepared to take action against speculative moves that do not align with economic fundamentals.

10/16/2023

Bank of Japan Governor Downplays Yen Weakness, Says Interest Rates Just One Factor Affecting Forex

Japan's top currency diplomat, Masato Kanda, stated that the country will take appropriate action in the forex market when necessary, while also noting that the yen is still considered a safe asset along with the Swiss Franc and US Dollar, and that the impact of the Middle East crisis on the Japanese economy cannot be foreseen.