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Japan Likely Skipped Forex Intervention on Thursday; Holiday Period Saw $30.6B in Yen Support

GateNews
Forex
According to analysis of Bank of Japan account data, Japanese authorities may have skipped forex intervention on Thursday (May 8), the first business day of the week, following multiple interventions during the holiday period. The BOJ's current account data released Friday showed minimal divergence from money broker forecasts, suggesting limited impact from fiscal flows. Preliminary estimates indicate Japan deployed approximately $30.6 billion (8.65 trillion yen) to support the yen during the holiday period, compared to 9.79 trillion yen in the same period last year.
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