Japan chief cabinet secretary says extremely concerned about speculative FX moves

May 29, 2026
-FXnews

Don’t want to comment on forex levels, intervention
But is extremely concerned about speculative moves
The stance by the government has always been to take appropriate action on forex matters

A bit of a verbal warning shot there as Tokyo officials continue to be alarmed by USD/JPY lingering above 159.00 but still not yet wanting to take a run at the 160.00 level. But even so, we’ve already seen the rebound in the currency pair over the last few weeks. And that is one that almost negates the entirety of Japan’s intervention efforts since late April.

We are expected to see some intervention data come out later in the day

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