Japanese Finance Minister Katayama says volatility in crude is affecting FX, ready to take decisive action; will closely coordinate with the US and will act when necessary; standing by around the clock

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Context

Japanese Finance Minister Katayama's comments on crude volatility impacting FX indicate heightened awareness of energy prices' influence on currency stability. His willingness to coordinate decisively with the US suggests a preparedness to intervene, which may signal potential support for the yen amidst commodity-induced fluctuations and could provoke reactions across global markets, particularly in energy and currencies.

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