The yen is diverging. Traders are evaluating the speech of Japan's Finance Minister, Okazaki Kogetsu.

The exchange rate of the Japanese yen against other G10 and Asian currencies is diverging, and traders are evaluating the speech of Japanese Finance Minister Matsuyama Kougetsu this morning. Matsuyama Kougetsu stated that the recent fluctuations in the yen are speculative, and if necessary, relevant authorities will take decisive actions in the foreign exchange market. She also mentioned that the Ministry of Finance is closely monitoring the situation in the foreign exchange market and maintaining close communication with the United States, and will stay in close contact with global currency authorities during the upcoming long holiday in Japan. At the time of her statement, the yen was once again weakening against the US dollar, heading towards the 160 yen level, which is a threshold for possible intervention by relevant authorities. Data shows that the US dollar is holding at 159.77 yen.