Verbal JPY intervention from Japanese Prime Minister Kishida. Japanese authorities are concerned about an overly weak yen. While exporters are not unhappy its pushing up the price of imported energy and other imported materials.


  • excessive FX moves are undesirable
  • will continue to monitor FX moves closely with a high sense of ugency

USD/JPY is not paying him much attention:

kishida pm yen intervention 25 September 2023