The Japanese yen strengthened against other major currencies in the Asian session on Thursday, following Tokyo's continued intervention threats.
Atsushi Mimura, Japan's senior FX official and vice finance minister for international affairs, stated that authorities are keeping a close eye on market movements "with a high sense of urgency" and are alert in the face of increasing JPY volatility.
Finance Minister Satsuki Katayama also reaffirmed that the government would react to currency fluctuations in accordance with the joint statement from the United States and Japan.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.