Japan's top currency diplomat, Masato Kanda, has stated that the government will not comment on whether a foreign exchange market intervention has been conducted, according to Jiji. Kanda emphasized that the authorities cannot ignore one-sided speculative moves in the forex market. He reiterated that if speculators cause excessive movements, the government has no choice but to respond appropriately, as reported by Kyodo. Chief Cabinet Secretary Hirokazu Hayashi also refrained from commenting on potential forex interventions, stating that foreign exchange rates should reflect economic fundamentals.