Government is watching markets with very high sense of urgencyLong-term interest rates are decided by markets based on various factorsWant to secure market trust by stably lowering government debt-to-GDP ratioIt's not direct verbal intervention and jawboning towards the Japanese yen currency situation, but the headline remark is indirectly alluding to that. The Japanese government continues to reaffirm that Takaichi's fiscal policy approach remains the right way to go. However, that hasn't quite been reflected by the economic situation and market confidence since last year already.The US-Iran war definitely doesn't help in that regard and more so with the BOJ also raising interest rates at a time when Japan's fiscal position and debt risks are mounting.USD/JPY is down 0.1% to 162.35 on the day but continues to sit higher on the week, following last Thursday's sharp drop.As much as the dollar might be struggling, the yen's plight looks to be even worse. As such, the path of least resistance remains for a move higher in USD/JPY. The only key risk to be wary about is intervention fears, with Japan's ministry of finance watching over things rather closely now. That especially with the currency pair trading around its highest level in 40 years now. This article was written by fl9bde53b91e184082bbe3aa3acaaf2cb0 at investinglive.com.