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US inflation data heated up, and the yen fell to this month's low against the US dollar. Japan's Finance Minister Katayama Satsuki issued a warning to speculators, saying that they are ready to take action again in the foreign exchange market if necessary. At the same time, she said that the positions of Washington and Tokyo have not changed since the US and Japan jointly intervened to support the Japanese yen in July. Satsuki Katayama told reporters before the G20 meeting in Bangkok on Thursday morning: “The signals released when the two countries carried out coordinated intervention represent our current foreign exchange positions, and there has been no change at all. America stands with us now, and we will not hesitate to act if necessary.” Earlier, US consumer price data showed that inflation hit a five-month high, and the yen weakened under pressure, once hitting 158.95 yen per dollar; then, US Treasury yields fell, and the yen's decline narrowed. Japan's finance minister is attending a series of international conferences. Finance ministers are expected to discuss a number of global issues, including rising bond yields and financial risks brought about by cutting-edge artificial intelligence.
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US inflation data heated up, and the yen fell to this month's low against the US dollar. Japan's Finance Minister Katayama Satsuki issued a warning to speculators, saying that they are ready to take action again in the foreign exchange market if necessary. At the same time, she said that the positions of Washington and Tokyo have not changed since the US and Japan jointly intervened to support the Japanese yen in July. Katayama Satsuki told reporters before the G20 meeting in Bangkok on Thursday morning: “The signals released when the two countries carried out coordinated intervention represent our current foreign exchange positions, and there has been no change at all. America stands with us now, and we will not hesitate to act if necessary.” Earlier, US consumer price data showed that inflation hit a five-month high, and the yen weakened under pressure, once hitting 158.95 yen per dollar; then, US Treasury yields fell, and the yen's decline narrowed. Japan's finance minister is attending a series of international conferences. Finance ministers are expected to discuss a number of global issues, including rising bond yields and financial risks brought about by cutting-edge artificial intelligence.
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