DBS Research senior FX strategist Philip Wee said market rumors suggest Japan’s Ministry of Finance may be moving toward undisclosed, covert FX intervention. Wee warned that with US bond and equity markets thin for the Independence Day holiday, such

2026-07-03

DBS Research senior FX strategist Philip Wee said market rumors suggest Japan’s Ministry of Finance may be moving toward undisclosed, covert FX intervention. Wee warned that with US bond and equity markets thin for the Independence Day holiday, such intervention could amplify market volatility. He said the tactic appears aimed at shifting market sentiment from skepticism to caution.