Bank of Japan data indicate that despite a sudden yen surge on Monday that had traders pricing in a third consecutive day of FX intervention, Japan may not have intervened that day. BoJ's forecast for Wednesday money-market conditions shows a funding shortfall of ¥3.38 trillion (about $21.4 billion), above broker estimates of ¥2.32–2.6 trillion. Data published Tuesday showed no large outflows from BoJ current-account balances; large outflows are typically linked to the size of government FX inte

Bank of Japan data indicate that despite a sudden yen surge on Monday that had traders pricing in a third consecutive day of FX intervention, Japan may not have intervened that day. BoJ's forecast for Wednesday money-market conditions shows a funding shortfall of ¥3.38 trillion (about $21.4 billion), above broker estimates of ¥2.32–2.6 trillion. Data published Tuesday showed no large outflows from BoJ current-account balances; large outflows are typically linked to the size of government FX intervention.