Japanese yen surged nearly 5 yen in a single day to 155: Koga Harutsuki warns of an imminent “decisive intervention”
On 4/30, during intraday trading, the Japanese yen against the US dollar briefly fell to 160.47, then rapidly rebounded to about 155.5 in the afternoon, with an intraday gain of nearly 5 yen. Japan’s Finance Minister Hayuma Katayama called for “decisive measures” to warn, and Finance Minister Jun Mimura said it was the market’s last pull-out warning, adding that there is a possibility of coordination with the US side to intervene. Analysts said the warning is nearing the intervention threshold, and the next steps will be to watch for the yen to retest 158–160, the Bank of Japan’s position in June, and any coordinated US-Japan statements.
ChainNewsAbmedia·04-30 12:35
