Reported 10 months ago
Despite the US Treasury adding Japan to its forex monitoring list without labeling it a currency manipulator, Japanese officials are prepared to take action to support the yen if needed. The yen's significant decline this year, coupled with concerns about Japan's current account surplus and bilateral trade, has led to speculation about potential intervention as the currency approaches critical levels against the dollar. While the US warning may increase pressure on Tokyo, many strategists believe intervention risks will persist if the yen's depreciation accelerates rapidly.
Source: YAHOO