Japan keeps US close as it signals unlimited yen defence

reuters

·

Original Report

↗ reuters

TOKYO, May 7 (Reuters) - Japan faces no constraints on how often it can intervene in currency markets and ​is in daily contact with U.S. authorities, its top currency diplomat said on Thursday, reinforcing Tokyo's resolve to defend the embattled yen.The remarks by Atsushi Mimura come ‌ahead of a visit to Tokyo next week by U.S. Treasury Secretary Scott Bessent, placing the yen, possible intervention and the Bank of Japan's rate path firmly under the spotlight as investors weigh whether Tokyo can