No options ruled out to counter excessive yen moves: Japan finance minister

Japanese Finance Minister Satsuki Katayama said Wednesday that the government is "concerned about" the recent sharp depreciation of the yen against the U.S. dollar and is ready to take necessary action to stem it."We will respond appropriately to excessive moves, including speculative ones, without ruling out any options," Katayama told reporters, following the yen's drop below the 159 line against the U.S. dollar a day earlier, its lowest level since July 2024.Katayama also said that the Japanese currency's volatile movements seen since Friday do not reflect economic fundamentals.In respon…READ FULL ARTICLE