Japan finance minister declines comment on suspected yen support move

7 articles · Updated · Bloomberg · May 3

Satsuki Katayama, speaking in Samarkand, Uzbekistan, would not confirm reports that authorities spent about $34.5 billion supporting the currency last week.
She said she was not in a position to comment and added that speculative moves in the yen had been continuing for some time.
If confirmed, the operation would mark Japan's first reported market intervention to support the yen since 2024.

As Japan sells its U.S. dollar reserves, could this threaten the stability of the U.S. Treasury market?

Can Japan’s currency defense hold against global economic pressures from the Iran war and high U.S. interest rates?

After a $35 billion intervention, is the Bank of Japan finally preparing for a significant rate hike?