Atsushi Mimura, Japan’s vice finance minister for international affairs, warned that currency moves had been unusually fast as FXStreet put AUD/JPY near ¥109.30, amid Bank of Japan debate over rate hikes.
Reuters reported that Mimura described the recent pace as excessively rapid. He declined to comment on a specific exchange-rate level. Referring to earlier intervention, he said, “It’s still too early to forget what happened this summer.”
Japan’s Ministry of Finance recorded ¥15,399.3 billion in foreign-exchange intervention from July 30 to Aug. 26. Its published total for Sept. 29 to Oct. 28 was ¥0, covering that reporting period.
FXStreet’s snapshot was timestamped at 11:22 p.m. ET Wednesday (04:22 UTC Thursday). Its AI-assisted chart analysis placed the pair below its 100-day simple moving average and Bollinger middle band, with a Relative Strength Index reading of 42.97. The outlet identified ¥110.25 as initial resistance and ¥108.65 as support. It placed the 100-day average and upper Bollinger band around ¥110.70 to ¥110.75, and listed ¥108.24 and ¥107.70 as lower chart levels. An earlier EconoTimes report on FXStreet’s Nov. 10 AUD/JPY snapshot and the Bank of Japan rate debate covered the pair at a similar level.
In a Thursday speech, Bank of Japan Policy Board member Toichiro Asada said the policy rate had reached 1.25% after increases in June and September. He said underlying inflation was generally consistent with the central bank’s 2% target, while cautioning that further rate increases could “slow the economy” and push down underlying inflation. Asada said it may take a year or more for the effects of rate changes on economic activity to become clear.
Asada’s speech also said yen depreciation, alongside higher commodity prices, had contributed to higher import prices measured in yen. FXStreet framed the pressures as offsetting: caution about additional BOJ rate increases could restrain yen appreciation, while intervention risk could weigh on the cross.
