Overview
- The dollar traded at ¥156.73–75 in late Tokyo dealings on Nov. 21 after oscillating between the mid-¥156 and mid-¥157 range.
- Finance Minister Satsuki Katayama said foreign‑exchange intervention can be considered, prompting a short-lived bout of yen buying.
- Importers continued to purchase dollars, limiting the currency’s rebound and keeping intraday moves choppy.
- The government prepared expanded economic measures for cabinet approval, feeding concern about deteriorating public finances.
- The newly issued 10‑year JGB yield jumped to about 1.835%, the highest since June 2008, as equity losses also encouraged some risk‑off yen demand.