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The Japanese yen fell below the 160 mark, and Japan confirmed intervention! 🇯🇵
📌 Intervention confirmed
According to Nikkei News, the Japanese Ministry of Finance carried out actual intervention today in the foreign exchange market by buying yen and selling dollars, a government official has confirmed to the media.
📌 Trigger background
The dollar against the yen briefly fell to 160.72 intraday, hitting a nearly 19-month low, approaching the 161.95 low during the 2024 intervention period.
📌 Official statement
Before the intervention, Finance Minister Shōzō Katō issued a "last warning" — "The time to take decisive action is approaching," and reminded officials "not to let their phones leave their sight, whether at work or on rest days."
📌 Market reaction
After the intervention news was announced, the yen surged more than 5 yen, with the dollar against the yen plummeting from above the 160 mark to the 155 range, a daily decline of over 2.5%.
📌 Historical review
In 2024, Japan spent approximately $100 billion supporting the yen, and since 2026, speculative yen net short positions have been at their highest levels in nearly two years.