Japanese Finance Minister Satsuki Katayama remarked that recent fluctuations in the yen's value have been significantly influenced by speculative trading. This statement came after the yen rebounded to 158.18 per dollar, following Iran's announcement that the Strait of Hormuz was open for commercial vessels during a truce with Hezbollah. The dollar weakened against multiple currencies as traders adjusted their positions. Katayama expressed concerns over the negative effects of a weak yen, which increases import costs and inflation pressures. In response, Japanese authorities have issued warnings about excessive yen declines and are prepared to intervene in foreign exchange markets if necessary. Furthermore, Japan and the United States have agreed to improve communication regarding exchange rate policies, as highlighted by Katayama after her discussions with U.S. Treasury Secretary Scott Bessent.