Intra-day USD-JPY price action which has evidenced occasional spikes higher shows the fear of intervention from the Bank of Japan. Historical data has shown that intervention usually causes a knee-jerk reaction, between2%-3% higher and then a reversal.
We are now firmly in intervention territory, and the threat is rising. The situation is very
similar to when the Japanese authorities last stepped in to the FX market in 2010 and
2011. The BoJ tends to intervene early in Asian trading (just after midnight UK time).
"Reversal depends on whether it is unilateral or multilateral intervention. Unilateral intervention is unlikely to change the trend. We believe it will be a unilateral intervention and the reversals in these cases are much faster." notes HSBC Research.


Best Gold Stocks to Buy Now: AABB, GOLD, GDX
ECB Signals Possible Rate Hike as Iran Conflict Fuels Inflation Concerns
BOJ June Rate Hike Likely as Inflation Risks Rise Amid Middle East Tensions
RBI Hits Pause as Geopolitical Storm Clouds Gather
RBNZ Holds Interest Rates Steady but Signals More Hikes Ahead in 2026
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027
Jerome Powell Warns Against Politicizing the Federal Reserve, Defends Democratic Institutions
BOK Seen Holding Interest Rates Steady as Inflation Risks Rise in South Korea
BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks
Indonesia Passes New Central Bank Law, Raising Investor Concerns Over Policy Independence 



