# Japan’s Katayama says joint FX statement with US persists, will act against disorderly moves

> Japanese Finance Minister Satsuki Katayama said the joint foreign exchange statement with the United States remains in effect and that Tokyo will act against disorderly yen moves. She declined to comment on specific FX levels, and Prime Minister Sanae Takaichi has said yen undervaluation is a problem. USD/JPY was trading around 157.80 at the time of the remarks.

- Date: 2026-11-02 · published 2026-11-02T03:09:39.957Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/74686-japan-s-katayama-says-joint-fx-statement-with-us-persists-will-act-against
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Official signals of possible intervention can cap yen weakness, which affects the cost of dollar-denominated feed purchases for Japan. The effect on grain prices is indirect and limited unless intervention shifts broader dollar flows.

## Sources

- fxstreet.com: https://www.fxstreet.com/news/japans-katayama-says-joint-fx-statement-with-us-persists-will-act-against-disorderly-moves-202611020054

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