Japanese Finance Minister Shunichi Suzuki speaks during a meeting with U.S. Treasury Secretary Janet Yellen and Korean Finance Minister Choi Sang-mok on the sidelines of the IMF/G20 meetings, at the U.S. Treasury in Washington, U.S., April 17, 2024. REUTERS/Kevin Lamarque/File PhotoTOKYO: Japanese authorities will work closely with overseas counterparts to deal with excessive volatility in the foreign exchange market, Finance Minister Shunichi Suzuki said on Tuesday .
The comments came after the dollar rose to ¥154.85, its strongest levels against the Japanese currency since 1990, keeping markets on heightened alert for any signs of intervention from Tokyo to prop up the yen. At Tuesday's press conference, Suzuki repeated his recent warnings to speculators, saying the government is ready to respond appropriately to excessive exchange moves.
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