Japan Signals Currency Action Readiness as Hormuz Closure Keeps Oil Market Volatile
Updated
Updated · WTVB · Jun 1
Japan Signals Currency Action Readiness as Hormuz Closure Keeps Oil Market Volatile
5 articles · Updated · WTVB · Jun 1
Satsuki Katayama said Japan stands ready to respond in currency markets as needed, signaling possible action if volatility worsens.
The warning came as the Strait of Hormuz remains effectively closed, keeping oil markets highly volatile and raising risks of spillover into the yen.
Katayama declined to comment on any past or potential yen intervention or on recent currency moves, but said authorities are closely monitoring markets.
U.S. coordination is ongoing, she said, with Tokyo and Washington closely watching exchange-rate developments as energy-driven market stress persists.
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