Japan's Top FX Officials Say No Options Ruled Out After Yen Drop.

Japan's top currency officials have stated that they are prepared to consider all options for the foreign exchange market and respond to any event after the yen fell to its lowest level against the dollar since 1990. The decline in the yen was influenced by stronger-than-expected US inflation data, which pushed back expectations for rate cuts by the Federal Reserve. Japanese officials have emphasized that they are not defending specific yen levels but are monitoring excessive movements in the market. While intervention may occur, it is unlikely to be a game changer as the yen's movements are driven by market bets for Fed rate cuts. [Extracted from the article]