Japan mum on yen intervention, heavy on jawboning, ahead of long holiday weekend
Japanese authorities remained silent on whether they intervened in the foreign exchange market as the yen weakened ahead of a long holiday weekend, while officials increased verbal warnings about excessive currency moves. The government emphasized readiness to act against sharp speculative fluctuations without confirming any direct intervention. Market participants are watching closely for signs of action amid heightened volatility and thin holiday trading conditions.
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