Katayama warns on yen speculation amid intervention talk
Finance Minister Satsuki Katayama warned against speculative yen moves after a brief currency rally. Tokyo remains ready to act against excess volatility.
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Japan Finance Minister Satsuki Katayama warned against speculative USD/JPY moves Monday afternoon following a brief 0.8% yen rally. The warning follows an estimated $35 billion intervention last week that triggered a 3% rally on Thursday. Investors face heightened volatility as Tokyo enforces a joint agreement with the United States to curb excess swings.
