The yen slid for a fourth day Thursday after a meeting of senior Japanese officials to discuss the currency’s slide failed to generate a change in sentiment from traders.
The currency fell 0.3% to ¥144.10 per dollar in a fourth day of declines. Chief foreign exchange official Masato Kanda sent the country’s strongest warning yet on the yen’s recent slide but suggested the official stance was broadly unchanged from a statement made after a three-way meeting in June.
After a meeting of representatives from the Ministry of Finance, the Bank of Japan and Financial Services Agency, he said they would watch the currency market with a high sense of urgency and wouldn’t rule out any options if needed should recent moves continue.