Japan head intervention official won't comment on FX or oil futures intervention

Japan’s top currency diplomat, Mimura, declined to comment on potential FX intervention or crude oil futures intervention, saying only that Tokyo is in close contact with the U.S. on forex and sees recent moves driven by speculators. With Japan entering Golden Week, the official gave no indication of a policy change. The comments maintain official ambiguity on intervention, which could keep USD/JPY volatility elevated as market participants weigh the risk of Japanese action while lacking clear signals. Lack of comment on oil futures leaves energy markets unaffected by Tokyo’s stance.