Economics
Japan’s FX Chief Warns on Sudden Moves After Yen Hits 150
- Mimura says watching market, flags ‘slightly one-sided’ moves
- Tokyo has spent more than $100 billion propping up yen in 2024
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Japan’s top currency official helped lift the yen a touch on Friday after he warned he was keeping a close eye on market movements following the yen’s slide into the 150 range against the dollar overnight.
“At the moment we’re seeing slightly one-sided, sudden moves in the currency market,” said Atsushi Mimura, vice finance minister for international affairs. “We’ll keep monitoring the forex market with a high sense of urgency, including any speculative moves.”