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Moody's Analytics: It is too early to conclude that Japanese authorities have intervened again

Moody's Analytics: It is too early to conclude that Japanese authorities have intervened again

金十金十2026/05/06 09:10
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```htmlGolden Ten Data reported on May 6 that the Japanese yen has experienced several intense fluctuations in recent days, once again sparking market speculation about intervention in the foreign exchange market by Japanese authorities. However, Stefan Angrick from Moody’s Analytics stated that it is still too early to determine the cause. He noted that compared with last week, recent exchange rate volatility has not been as severe overall, "and regarding last week’s situation, we can be fairly confident that foreign exchange intervention took place." He added that changes in market positions could also have caused these movements, but if the Japanese government did intervene, the scale would likely be smaller and more targeted. By spreading intervention actions over several days, Japanese authorities can describe these operations as part of a single effort, aimed at curbing disorderly trading. This explanation could benefit Japanese authorities, as in principle, large economies operating under a floating exchange rate regime should not intervene in the foreign exchange market.```
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