Japanese Finance Minister Katayama says Japan has signalled its willingness to respond firmly to FX market fluctuations, adds prepared to respond on all fronts, bearing in mind that this volatility is affecting people's lives

Japanese Finance Minister Katayama's comments indicate a strong commitment from the government to intervene in foreign exchange markets amid rising volatility, which is seen as affecting the daily lives of citizens. This hawkish stance may lead to increased caution among traders in the yen and could influence commodity prices linked to currency fluctuations, particularly in metals. Overall, expect heightened market sensitivity to further developments in Japan's FX policy as they signal readiness to act.