After USD/JPY tested the yen-tervention line in the sand above 160.00 last week, the Japanese government quickly stepped in to drag it back down.
Japan’s Ministry of Finance had reportedly spent around ¥5.5 trillion (approximately $35 billion) in its third major intervention campaign since 2022, and markets seem to be bracing for more.
Here’s exactly how currency intervention works, why it keeps happening, and which warning patterns forex traders should watch out for.
