# Japan warns against 'one-sided' currency moves as yen slides

> Japanese Finance Minister Katsunobu Kato warned against one-sided, rapid currency moves that had been driving the yen lower. He said authorities were watching exchange rate moves closely, including possible speculation.

- Date: 2024-10-24 · published 2024-10-24T12:00:00.000Z
- Category: policy · region Japan · magnitude low
- Page: https://feedsoft.ai/events/28111-japan-warns-against-one-sided-currency-moves-as-yen-slides
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Verbal intervention signals may limit further yen weakness, which would ease the cost of dollar-priced feed imports for Japanese buyers; the impact on grain prices is small.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/japan-warns-against-one-sided-currency-moves-yen-slides-2024-10-24/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.