empty
 
 

2026.07.0302:23:50UTC+00Yen Holds Gains Amid Katayama Remarks

The Japanese yen hovered around 161 per dollar on Friday, following a nearly 1% surge in the previous session, after Finance Minister Satsuki Katayama reaffirmed that authorities are prepared to intervene at any time to support the currency. Her remarks came amid intensifying speculation about another round of official action, with the thin liquidity expected over the US holiday weekend seen as creating favorable conditions for intervention.

Katayama also noted that Japan and the United States remain in close contact on foreign exchange policy. On Thursday, the yen rebounded sharply from its lowest levels in roughly 40 years after reports indicated that Japanese authorities may stop telegraphing potential interventions in advance—a shift that wrong-footed traders and helped trigger a reversal of speculative short positions against the yen. The currency also gained support from a weaker US dollar, after softer-than-expected US employment data led markets to pare back expectations for further Federal Reserve rate hikes this year.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback