Japan says it has no limits on yen intervention, in daily contact with US
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Japan's top currency diplomat, Atsushi Mimura, stated that there are no limits on the frequency of currency market interventions and that Japan is in daily contact with U.S. authorities. This comes ahead of U.S. Treasury Secretary Scott Bessent's visit to Tokyo, where discussions on yen movements are expected. Mimura emphasized Japan's readiness to intervene to support the yen amid ongoing speculative market activities. Recent data indicated a $35 billion intervention to stabilize the yen, which has seen fluctuations in value.
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