Japan’s Katayama: We have a free hand in dealing with excessive moves in the Yen

Japan's Finance Minister Katayama emphasized the government's flexibility in responding to excessive Yen fluctuations. This remark could carry significant implications for traders, especially amid increasing external pressures and market volatility. Historical precedents indicate that signals of government intervention can influence market sentiment for the JPY. Following the statement, the Yen's movement will be critical to monitor, as market reactions may vary based on investor interpretation. If the Yen is perceived as moving excessively, there could be actions taken by the authorities, warranting close attention from traders.