Japan39;s currency gets little respite from intervention warnings
Dollar buoyed by Fed signals for slow pace of easing in 2025
Forex trading subdued with many investors away for holidays

TOKYO, Dec 27 Reuters The yen hovered near a fivemonth low against the dollar on Friday as the U.S. Federal Reserve39;s hawkish messaging contrasted with the Bank of Japan39;s cautious approach to further policy tightening.

The yen traded at 157.765 per dollar as of 0600 GMT, edging up 0.1 from Thursday, but still close to that session39;s low of 158.09 per dollar, the yen39;s weakest level since July 17.

Japan39;s currency got little respite from a fresh warning from the country39;s finance minister that the government has been alarmed by foreign exchange developments … and will take appropriate action against excessive moves.

A summary of opinions from the BOJ39;s December policy meeting released on Friday showed some officials becoming more confident about a nearterm rate increase, while others remained wary amid uncertainties over the trend for wages and the policies of U.S. Presidentelect Donald Trump39;s incoming administration.

BOJ Governor Kazuo Ueda said last week, after the central bank held rates steady, that it would take considerable time to fully gauge the outlooks for wages and overseas economies, particularly the United States.

By contrast, Fed Chair Jerome Powell said earlier this month that U.S. central bank officials are going to be cautious about further…