USD/JPY rose to 159.94 as Japanese officials warned that exchange rate fluctuations are moving too quickly.

on November 12, according to BeInCrypto, the USD/JPY exchange rate rose to 159.94 during Thursday's early trading session in Tokyo, marking its highest level in over two months. The report attributed this movement to above-average US inflation data and rising market expectations for Federal Reserve rate hikes.

Jun Mimura, Vice-Minister for International Affairs at Japan's Ministry of Finance, declined to comment on the current exchange rate level but noted that recent currency fluctuations had been excessively rapid. The report highlighted that markets are monitoring whether Japan will intervene again as the yen approaches the 160 threshold.

Data from Japan's Ministry of Finance shows that Japan deployed a combined 15.40 trillion yen to intervene in the foreign exchange market on July 30, July 31, and August 3, bringing the total intervention volume for the year to over 27 trillion yen.