Neil Jones, head of FX sales and trading at TJM, said the 400‑pip drop in USD/JPY strongly suggests the Japanese Ministry of Finance (MOF) may have further official intervention. The yen conducted has strengthened against all major currencies, so thi

2026-07-30

Neil Jones, head of FX sales and trading at TJM, said the 400‑pip drop in USD/JPY strongly suggests the Japanese Ministry of Finance (MOF) may have further official intervention. The yen conducted has strengthened against all major currencies, so this is not merely dollar weakness.