Japan’s Currency Chief Keeps FX Intervention Option Open

Japan’s top currency diplomat, Atsushi Mimura, reaffirmed on Thursday that the authorities remain prepared to act in the foreign exchange market, as Tokyo continues to monitor currency movements closely.

“We continue to stand ready on forex,” Mimura said, according to Reuters. When asked whether officials had conducted rate checks with market participants—a step that can precede intervention—he declined to comment.

Mimura also expressed caution about current market conditions, stating he is “neither at ease nor satisfied” with the situation.

These remarks keep the prospect of Japanese currency intervention under consideration, though they do not confirm any immediate actions.

Market reaction

The Japanese yen showed limited reaction to the comments. USD/JPY was trading around 156.55 at the time of writing, down 1.36% on the day.

Japanese Yen Price Today

The table below shows the percentage change of the Japanese Yen (JPY) against major currencies today. The yen was the strongest relative to the US dollar.

USDEURGBPJPYCADAUDNZDCHFUSD-0.15%-0.07%-1.36%-0.24%-0.24%-0.19%-0.42%EUR0.15%0.07%-1.24%-0.15%-0.08%-0.11%-0.27%GBP0.07%-0.07%-1.29%-0.21%-0.15%-0.16%-0.34%JPY1.36%1.24%1.29%1.12%1.14%1.13%0.96%CAD0.24%0.15%0.21%-1.12%0.00%0.01%-0.17%AUD0.24%0.08%0.15%-1.14%-0.00%-0.00%-0.16%NZD0.19%0.11%0.16%-1.13%-0.01%0.00%-0.14%CHF0.42%0.27%0.34%-0.96%0.17%0.16%0.14%

The heat map displays percentage changes among major currencies. The base currency is selected from the left column, while the quote currency is chosen from the top row. For example, selecting JPY on the left and moving across to USD shows the JPY/USD percentage change.

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