A post by @FirstSquawk on X.

Japanese Prime Minister Sanae Takaichi said the country's economic and fiscal policy decisions are not aimed at manipulating foreign exchange rates, pushing back on suggestions that Tokyo is using policy levers to influence the yen. The remark, delivered via First Squawk, frames Japan's fiscal stance as driven by domestic economic objectives rather than currency management. The distinction matters because it signals Tokyo wants to avoid being labeled a currency manipulator by trading partners, particularly Washington, even as the yen remains sensitive to rate differentials and fiscal expansion. Traders will watch whether the yen stays stable around current levels and whether Japan's fiscal plans draw scrutiny from the U.S. Treasury's currency monitoring process.