According to CoinMeta, Japanese Finance Minister Masayuki Katsumata stated in an interview with the Japan Broadcasting System NHK that Japan and the United States will not hesitate to intervene in the foreign exchange market again. Katsumata pointed out that the yen has been affected by years of 'yen arbitrage trading,' which is more of a speculative activity rather than transactions driven by actual demand. She added that both sides have indicated they are ready to intervene at any time without hesitation and will clearly explain how Japan's macro and microeconomic policies support the fundamental strength of the yen.