Japan will respond appropriately to excessive volatility in the foreign exchange market, its top currency diplomat says in a fresh warning against "speculative" and "disorderly" yen moves after market talk of interventions last week.
The U.S. dollar was firmer against the yen but remained top-heavy in the upper 156 yen range on April 30 in Tokyo, as fears of intervention strengthened a day after Japanese authorities are suspected to have stepped in to stem the yen's slide.
The U.S. dollar was firmer against the yen but remained top-heavy in the upper 156 yen range on April 30 in Tokyo, as fears of intervention strengthened a day after Japanese authorities are suspected to have stepped in to stem the yen's slide.
Japan is closely watching currency movements and is ready to take all necessary steps, Finance Minister Shunichi Suzuki says, amid market caution about intervention to slow the yen's fall to 34-year lows against the U.S. dollar.
The yen slides to the 156 level against the U.S. dollar after the Bank of Japan left its policy rate unchanged and said it will continue bond purchases in accordance with its decision last month.