Japan Yen Intervention Risk Rises After US Treasury Call: BNY
BNY analyst Geoff Yu warns that Japanese yen intervention risk has increased following a call between Finance Minister Satsuki Katayama and US Treasury Secretary Scott Bessent, with both sides reaffirming that bold FX action remains possible.
BNY's Geoff Yu highlighted a rise in Japanese yen intervention risk after Finance Minister Satsuki Katayama spoke with U.S. Treasury Secretary Scott Bessent. The yen recently hit a 40-year low against the dollar, prompting renewed attention on possible currency intervention.
During the call, Japan and the U.S. reaffirmed a shared stance that bold FX action remains an option. However, Katayama declined to comment on current market levels. The statement signals increased readiness to act should yen weakness persist.
Source: FXStreet Forex News