Japanese yen approaching the 160 level against the US dollar, Japanese Finance Minister mentions the possibility of intervention.

The Japanese finance minister stated that they may take "bold action" to deal with currency fluctuations, indicating intervention. The current yen exchange rate is approaching the key level at which the Japanese authorities intervened in the market several times in 2024. "Ultimately, we need to respond decisively, including taking bold measures," said Japanese Finance Minister Koizumi on Friday in response to questions about the yen's weakness. Prior to her speech, the yen to US dollar exchange rate was fluctuating around 159.70, just one step away from the 160 level, which was the level at which the authorities last intervened to support the yen exchange rate. After her speech, the yen temporarily strengthened to 159.46.