 Yen jumps broadly in Asian trading today, boosted by heightened government warnings against the recent selloff on the currency. Japanese Finance Minister Katsunobu Kato issued a strong statement addressing the “one-sided and drastic moves” in Yen, confirming that the government is monitoring the situation with the “utmost sense of urgency.” He emphasized Japan’s commitment to take “appropriate actions” to counter what it considers excessive volatility. Supporting this stance, Japanese Ministry of Finance released quarterly data revealing substantial interventions earlier last quarter. On July 11, Japan spent JPY 3.168T on dollar-selling intervention, followed by an additional JPY 2.367T on July 12. These efforts successfully lifted the Yen from a low of 161.76 to 157.30 within two days, effectively defending the critical 160 psychological level. Adding a broader regional perspective, South Korea’s Finance Minister, Choi Sang-mok, also announced an expanded 24-hour monitoring framework that will now include financial markets and foreign exchange alongside ongoing concerns related to the Middle East. Minister Choi assured markets that South Korean authorities are prepared to act swiftly if volatility spikes in the currency or financial markets. The coordinated messages from both Japan and South Korea suggest the possibility of regional intervention should depreciation pressures on Yen and South Korean Won intensify, highlighting a collective commitment to maintaining currency stability in the face of global economic uncertainties... | 
