Mitsubishi UFJ Financial Group analysts said expectations of further Japanese intervention could cap yen declines versus the dollar. After suspected intervention on Thursday, the Japanese Ministry of Finance often conducts a second intervention, so m

2026-07-31

Mitsubishi UFJ Financial Group analysts said expectations of further Japanese intervention could cap yen declines versus the dollar. After suspected intervention on Thursday, the Japanese Ministry of Finance often conducts a second intervention, so markets may be cautious about additional dollar-buying/yen-selling; nevertheless, dollar-buying pressure could return quickly and remains a risk. The Bank of Japan on Friday left rates unchanged and signaled it "lacked a firm stance" on whether to speed up tightening. USD/JPY briefly plunged on Friday then recovered, erasing intraday losses.