Mimura

Japan's top currency official Mimura urged markets to take 'very clear' warnings about the yen seriously, signaling Tokyo's readiness to respond to sharp currency moves. The remarks come as the yen has been under pressure, with Japanese authorities repeatedly threatening intervention to counter excessive weakness. Traders are watching closely for any actual market action from Tokyo.

Japan's top currency official Masato Mimura said markets should take seriously the government's 'very clear' warning about the yen, in an exclusive interview reported by Reuters. The comments signal that Tokyo is prepared to step in verbally, and possibly in markets, if the currency moves excessively, as traders watch for signs of intervention.