With the yen at its lowest level in nearly a year, Japanese Finance Minister Shunichi Suzuki renewed his pledge to take action against the currency's sharp decline.
"There is no change in our stance that we will take appropriate action to deal with excessive volatility in the yen and do not rule out any options," Suzuki told a news conference on Friday. "We have a strong sense of urgency."
With the yen trading below 149 yen to the dollar, traders have been wary of the possibility of the government buying yen to intervene in the market.
Mr. Suzuki said the government hasn't set a specific yen level target that would trigger foreign-exchange intervention. He also said the government is concerned about fluctuations in the yen.
On Friday morning, the yen was trading around 149.40 yen to the dollar, near its lowest level since October 2022, when the Japanese government last intervened in currency markets to support the yen.