Japan Chief Cabinet Secretary Kihara: Warns of intervention to support Yen

Japan's Chief Cabinet Secretary Seiji Kihara has warned during European trading hours of potential government intervention due to excessive one-way moves against the Japanese yen. This statement indicates possible measures to prevent further depreciation of the yen and has drawn significant attention from market participants. The recent trend of the Japanese yen has been influenced by fluctuations in the global economy and monetary policies, raising concerns about the continued weakening of the yen. Depending on future developments, the likelihood of government measures being enacted may increase. Given the rising selling pressure on the yen in the forex market, investors need to proceed with caution amid heightened market volatility.