Japan says no limits on currency market intervention
Top diplomat Atsushi Mimura says Japan is in daily contact with U.S. officials. Tokyo remains ready to act against speculative moves to support the yen.
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Japan signaled unlimited currency intervention capacity after suspected $35B yen-buying operations to stabilize the USD/JPY exchange rate. Vice Finance Minister Atsushi Mimura said Tokyo faces no frequency constraints on market intervention. Investors face heightened volatility as Tokyo coordinates daily with the United States ahead of high-level bilateral talks.
