Japan’s Finance Chief Issues Fresh FX Warning as Yen Nears 155

Japanese Finance Minister Satsuki Katayama issued a fresh warning on currency movements as the yen weakened toward the key threshold of 155 per dollar, inching closer to levels where authorities last intervened in markets.

“We’re seeing one-sided, rapid currency moves of late,” Katayama said in response to questions in parliament Wednesday, adding that it can’t be denied that the negative aspects of the weak yen are becoming clearer. “The government is watching for any excessive and disorderly moves with a high sense of urgency.”