それは言い過ぎだよ。

that (indicating an item or person near the listener, the action of the listener, or something on their mind); it; that time; then; there (indicating a place near the listener); you

topic marker particle; indicates contrast with another option (stated or unstated); adds emphasis

exaggeration; overstatement

be; is; indicates past or completed action; indicates light imperative

indicates certainty, emphasis, contempt, request, etc.; used when calling out to someone; used to catch one's breath or get someone's attention; yo!