Mimura Remains on Alert Over Yen Movements

Japan's top currency diplomat Atsushi Mimura expressed concern over recent developments in the yen, stating he was 'neither satisfied nor reassured' by its movements. The yen extended gains on Thursday after a sudden surge higher, although traders attribute this to rising bets on Bank of Japan rate hikes rather than intervention from Japanese authorities.

Mimura, Japan's vice finance minister for international affairs, declined to comment on specific currency levels or market movements. He emphasized that the country remains 'on a state of heightened alert', echoing his comments following the G20 finance leaders' gathering in Asheville, North Carolina.