This wave of yen appreciation is not a technical rebound at all; it's the authorities directly stepping in and throwing down the gauntlet! What do you think?

4.5 trillion yen was poured in, causing a single-day increase of over 3%, and the bears were immediately pressed to the ground and rubbed. But Katayama's comment "Don't put down your phone during Golden Week" is essentially a direct message: the game isn't over yet, and there could be more moves during the holiday, so don't think about lying flat.
In the short term, the bulls have the advantage, but the US-Japan interest rate differential hasn't been resolved; this move is just "stopping the bleeding," not a "reversal."
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