JAPAN MAY INTERVENE TO SUPPORT THE YEN! $NOM
Markets are tense after PM Takaichi warned against “abnormal” yen moves. $ZKC
Why this matters👇 $AUCTION
• USD/JPY is near 160, a level Japan defended twice in 2023–24 using over ¥9 trillion.
• Reports say the NY Fed conducted “rate checks”, often a sign of possible yen buying.
• After that signal, the yen jumped from 158.5 → 155.7 in just hours.
• With yen short positions at decade highs and elections coming up, Japan looks ready to step in again if the currency weakens further.
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