# The joint statement on foreign exchange by the US and Japan "remains in effect," but why is the yen still weakening after Katayama's statement?FXBus - Latest Finance News

> The US-Japan joint foreign exchange statement remains in effect, and the yen continued to weaken after Finance Minister Katayama's remarks. USD/JPY traded near 157.80 on November 2, with Japan keeping the option of intervention if volatility becomes excessive. Commentary suggests the government chose to maintain deterrence rather than escalate its verbal warnings.

- Date: 2026-11-02 · published 2026-11-02T03:09:40.031Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/74688-the-joint-statement-on-foreign-exchange-by-the-us-and-japan-remains-in-effect
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Persistent yen weakness raises the local-currency cost of imported feed ingredients for Japanese buyers. Any actual intervention would shift dollar and yen flows and could move dollar-priced commodity values.

## Sources

- fxbus.com: https://www.fxbus.com/en/news/20261102101014645016.html

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