Analyst: Japanese yen supports vulnerability; Tokyo chooses passive tactics and misss opportunities for intervention

ForexLive reported that analysts pointed out Japan ' s failure to follow up on recent joint interventions, particularly the failure to magnify the weakening of the dollar after weak employment data in the United States on Friday, showed a passive rather than an active strategy aimed at slowing the dollar ' s rise, rather than reversing the years of yen decline. According to the analyst, the investor was still retraced to make empty yen, and estimates indicate that the largest empty Japanese yen position since early 2024 was established before the initial intervention. If Tokyo continues to exercise restraint, analysts suggest that traders may continue to test this determination, encouraged by Japan ' s fiscal constraints and Japan ' s Bank ' s tightening policies. The Japanese holiday on Tuesday was seen as a potential window for further intervention attempts and any re-testing of Tokyo would be possible because of the thinness of mobility, while the U.S. dollar/Yen technical level, the resistance levels of 159.60 and 16.0.00, were supported by the positions of 158.00-10, 156.70 and 155.00-20。