ING analyst Francisco Pesole said Japanese authorities may have intervened in the yen on Thursday and could act again on Friday as liquidity thins for a U.S. holiday. USD/JPY fell in early Thursday trade even before weak U.S. nonfarm payrolls pushed it below 161.00, and Pesole said the initial dip could have been intervention-driven. He warned further intervention risk remains; Japan typically intervenes around holidays and spreads operations over multiple days, and acting after adverse dollar m

ING analyst Francisco Pesole said Japanese authorities may have intervened in the yen on Thursday and could act again on Friday as liquidity thins for a U.S. holiday. USD/JPY fell in early Thursday trade even before weak U.S. nonfarm payrolls pushed it below 161.00, and Pesole said the initial dip could have been intervention-driven. He warned further intervention risk remains; Japan typically intervenes around holidays and spreads operations over multiple days, and acting after adverse dollar moves is consistent with its 2024 strategy.