Japan’s top foreign exchange official, Masato Kanda, has indicated communication with US counterparts regarding recent currency market movements. Kanda, referred to as the FX chief, suggests Japan views foreign exchange intervention as a viable option to counteract excessive volatility. His remarks highlight a continued willingness to address sharp declines in the yen, signaling a potential response to further market pressure. While specifics of the US contact weren’t detailed, the acknowledgement implies a degree of coordination or at least information sharing. This stance underscores Japan's concern over the weakening yen and its impact on the economy. Kanda’s comments reinforce the belief that intervention remains on the table as a policy tool. The official’s statements aim to stabilize the market and discourage speculative trading.