CoinWorld News, Japan's Ministry of Finance Financial Officer Atsunori Mimura stated on Friday that speculative activities are still ongoing in the market, clearly indicating that Japan is prepared to intervene to support the yen. When asked whether Tokyo would intervene in the currency market, Atsunori Mimura said he does not plan to comment on the upcoming actions but mentioned that Japan's Golden Week holiday has just begun. Atsunori Mimura refused to comment on whether Japan intervened in the foreign exchange market on Thursday. He also stated that exchange rate fluctuations still belong to speculative behavior. Analysts pointed out that due to the Golden Week holiday, the Japanese stock market will be closed from Monday to Wednesday next week, and market liquidity shortages may lead to significant yen volatility.

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