Nomura said Japan’s Ministry of Finance may have intervened around July 30–Aug 3
for about JPY14.1 tln (≈$88bn), surpassing the confirmed April 30/May 4/May 6
interventions totaling JPY11.7349 tln. The estimate draws on Bank of Japan daily
data and local FX market traders’ projections. U.S. intervention amounts remain
unclear; the Financial Times reported the U.S. likely intervened by shorting
EUR/JPY to curb yen weakness while avoiding signals inconsistent with a
strong‑dollar policy, meaning the U.S. and Japanese actions may have transmitted
different messages.
