Japanese yen intervention observation: the limited mobility of the Tokyo holidays

With the arrival of the Tokyo holiday, the risk of Yen intervention increased. Currently, the United States dollar/Japanese yen transaction is close to 162.50, and the closure of the Tokyo market has caused the currency to intervene in the area before re-entry into Japan ' s Treasury. Reduced liquidity during leave may lead to sharp price fluctuations. Despite the closure of the Tokyo market, transactions in other regions, such as Singapore, Hong Kong, Australia and New Zealand, continue, but liquidity is generally low. The Japanese authorities have in the past taken advantage of this low mobility situation to intervene. Taking into account Japan ' s record intervention of 11,73 trillion yen in April and May 2026, the market is cautious about any new initiatives that may be taken in Tokyo. The current market environment could lead to an increase in the risk of volatility in the 162.50 region, and any statements by Tokyo officials could trigger sharp fluctuations in the day。