Japanese Finance Minister Taro Asos said on Friday, they will continue to watch the FX market with a sense of urgency.
He said that FX stability is important, in an attempt at verbal intervention.
The yen has been rising rapidly, he added.
USD/JPY wallows at 4-month lows
USD/JPY extended its south-run and refreshed four-month lows at 104.20 in the last hour, tracking the persistent weakness in the US dollar amid fiscal stand-off and economic concerns.
Therefore, the resultant strength in the yen is drawing attention of the Japanese policymakers. Earlier today, Japan's Senior Ministry of Finance official also noted about the importance of FX stability.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.