Japan’s Finance Minister reportedly held an emergency online meeting with US Treasury officials.

Golden Ten Data reported on June 22 that, according to several Japanese media outlets including JNN and Kyodo News, as the yen approaches its lowest level in 39 years, Japanese Finance Minister Shunichi Katayama held an online meeting with US Treasury officials on the evening of the 22nd local time. Sources indicate that she may have exchanged views with US Treasury Secretary Janet Yellen to discuss trends in the foreign exchange market and the possibility of currency intervention. Previously, the USD/JPY saw a sharp intraday drop, sparking market speculation that Japanese authorities may have intervened.