Before the decision of the Central Bank of Japan, traders were extremely vigilant about the risks of intervention, "Silver Week" or a window for action

On 3 September, the Central Bank of Japan decided to convene on the eve of a meeting, and the Japanese exchanger was extremely vigilant about the possibility of the Japanese authorities intervening again in the market. As the Central Bank of Japan is about to take a three-day holiday immediately following the publication of the resolution, marketers are of the view that the authorities may take action using periods of less mobility during the leave period. Thursday’s increase on Wednesday highlighted the tensions in the market in the run-up to the Japan Central Bank’s policy meeting on September 18, which is now widely expected to increase interest rates. In April this year, the Japanese authorities waited for the first intervention since 2024 during Japan ' s long vacation. Today, investors speculate that Japan may adopt a similar strategy during the “Silver Week” holiday that began shortly after the JCB policy meeting. Samara Hamoud, the Australian Federal Bank strategist, stated: “The `White Silver Week' may further increase the uncertainty of the yen movement, mainly because market liquidity may decline further during the holidays. Over time, the exchange rate of the United States dollar to the Japanese yen may again test the high point that triggered the intervention. If this happens quickly, especially before and after the JCBK meeting, the risk of further intervention will increase significantly.” Kim Xian