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🚨 🇯🇵 Japan's Katayama says Tokyo is ready to take decisive FX steps
🚨 🇯🇵 Japan's Katayama says Tokyo is ready to take decisive FX steps
- 🇯🇵 Finance Minister Katayama said the government stands ready to take decisive, firm action in the currency market, per newswires, at
- 🇯🇵 She said officials are watching market moves with heightened urgency "including at this moment" and that the yen must move in line with fundamentals
FO view: This is a sharper warning than her remarks earlier today with USD/JPY close to 158, and "at this moment" language has often come just before Tokyo acts, so the risk of a sudden yen spike rises into the Fed.
Not investment advice.