Japan’s finance minister said Friday that Tokyo will reserve another $195 billion in funds for currency intervention to respond to the yen’s upward trend.

Jun Azumi added that the finance ministry will require currency traders to report daily their trading positions for another three months beyond the end of September in an effort to deter speculative moves.

Azumi said the government will make necessary arrangements to raise intervention funds under the planned third extra budget for fiscal year 2011.

The move would hike the total amount the government is allowed to borrow from the market to finance currency intervention.