O Japão já gastou cerca de 34,5 bilhões de dólares para intervir na taxa de câmbio do iene

Goldman Sachs reports that on May 1st, based on an analysis of the Bank of Japan’s accounts, Japan may have conducted its first exchange rate intervention since July 2024, involving approximately $34.5 billion on Thursday to support the yen.
By comparing the Bank of Japan’s accounts with forecast data from currency brokers, the scale of this intervention may be around 5.4 trillion yen.
In 2024, Japanese authorities have intervened four times to support the yen, with an average of about 3.8 trillion yen each time.
On Thursday evening, Japanese Finance Minister Shunichi Suzuki warned that a “decisive action” was imminent, after which the yen appreciated sharply.
Subsequently, an informed source revealed that authorities had entered the market to intervene.
Data released by the central bank on Friday indicated that, due to fiscal factors, its current account is expected to decrease by 9.48 trillion yen next Thursday (the first working day after the Golden Week holiday).
This decline is significantly larger than the approximately 4.08 trillion yen forecasted by Tokyo short-term funds, central short-term funds, and Ueda Yagi short-term funds among currency brokers.
This is the first exchange rate intervention since Shunichi Suzuki took office in May, and the market generally believes the initial effect has been significant, pushing the yen to appreciate by over 3%.
However, this battle is far from over.
Suzuki also warned traders to remain vigilant, stating on Thursday that during the five-day Golden Week, they should avoid putting down their phones.