CryptoWorld News reports that, according to multiple Japanese media outlets including JNN and Kyodo News, as the yen approaches its lowest level in 39 years, Japanese Finance Minister Kōzuki Katayama held an online meeting with U.S. Treasury officials on the evening of the 22nd local time. Sources say she may have exchanged views with U.S. Treasury Secretary Bessent, discussing trends in the foreign exchange market and the possibility of foreign-exchange intervention. Earlier, the USD/JPY exchange rate saw a sharp drop during intraday trading, triggering speculation in the market that Japanese authorities had stepped in.

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0xTeaTime
· 4h ago
During trading hours, USD/JPY suddenly plunges in a flash crash—everyone in the market suspects it could be a sign of intervention. Now it’s clear that something is indeed moving.
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Rain-SoakedGlassLeverage
· 5h ago
The window for Japan's intervention this time is very narrow, and the Fed's rate cut expectations are still fluctuating.
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GateUser-ada1e8c7
· 5h ago
The yen has dropped sharply this time, hitting a 39-year low. The finance minister contacted the U.S. overnight, and intervention expectations are at an all-time high.
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