Japan's Top FX Diplomat Mimura does not comment on FX intervention but says FX is being closely watched and are in daily contact with US authorities

Japan's top FX diplomat, Mimura, has noted that FX markets are being monitored closely, indicating heightened sensitivity to currency fluctuations, although he refrained from commenting on intervention specifics. His daily communication with US authorities suggests potential alignment or coordination on currency policies, which could have implications for the yen's stability and overall market sentiment. This cautious stance may signal to traders the government's readiness to act if needed but without committing to specific measures at this time.