The Japanese yen approaches the 160 level against the US dollar; Japanese Finance Minister mentions the possibility of intervention

MaticHoleFiller · 2026-03-28T11:58:06+00:00

Japanese Finance Minister Shōzō Katayama stated that they may take "bold actions" to intervene in the exchange rate to address the yen's weakness. The current yen against the US dollar is approaching the intervention level of 160. She emphasized monitoring speculative volatility and mentioned the possibility of intervening in the crude oil futures market.

MaticHoleFiller

2026-03-28 11:58:06

Abstract generation in progress

Japan’s Finance Minister stated that “bold action” may be taken to address exchange rate fluctuations, referring to potential intervention. The current yen exchange rate is approaching the critical level at which Japanese authorities had intervened in the market multiple times in 2024.

“Ultimately, we must respond decisively, including taking bold measures,” Japan’s Finance Minister Kato Matsuki said on Friday when asked about the weakness of the yen.

Before her speech, the yen was fluctuating around 159.70 against the dollar, just a step away from the 160 mark, which was the level at which authorities last intervened to support the yen’s exchange rate. After her speech, the yen briefly strengthened to 159.46.

Kato Matsuki reiterated that speculative fluctuations are driven by certain exchanges in the oil market, indicating that she is not only focused on the currency market but also monitoring the overall market, including commodities. According to informed sources, earlier this week, the Japanese Ministry of Finance sought market opinions regarding potential intervention in oil futures trading.

Massive information and precise interpretation, all in the Sina Finance APP.

Editor: Wang Yongsheng

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes