India, June 30 -- The Japanese yen weakened against other major currencies in the Asian session on Tuesday, amid growing risks of intervention in the foreign exchange market of Japan.
Following a conversation between U.S. Treasury Secretary Scott Bessent and Japanese Finance Minister Satsuki Katayama that sparked rumors of possible collaboration with regard to foreign exchange markets, traders are still on high alert. Minoru Kihara, the chief cabinet secretary of Japan, also reaffirmed that if there are excessive currency movements, the authorities will take the proper steps.
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