Japanese Finance Minister Satsuki Katayama declined to comment if authorities intervened to support the yen last week, after reports said they had entered the market for the first time since 2024.

“As finance minister, at this stage I’m not in a position to comment,” Katayama told reporters in Samarkand, Uzbekistan on Sunday, when asked about the reported move. “Speculative moves have been continuing for some time,” she added.