BOJ Data: No Yen Intervention Despite Friday's Spike, Market Positioning Blamed
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Firstpost•26-01-2026, 17:54
BOJ Data: No Yen Intervention Despite Friday's Spike, Market Positioning Blamed
- •Fresh Bank of Japan (BOJ) data indicates Japanese authorities did not intervene in currency markets last Friday.
- •This comes despite a sharp yen movement that fueled speculation of official intervention.
- •BOJ projects a net outflow of 630 billion yen ($4.09 billion) from money markets on Tuesday, higher than some forecasts but below typical intervention levels.
- •Analysts, including Shoki Omori of Mizuho Securities, state the projected outflow size does not match actual intervention footprints.
- •Omori suggests recent yen moves were due to market positioning, liquidity, and sensitivity to policy signals, not foreign exchange reserve deployment.
Why It Matters: BOJ data suggests Japan did not intervene in the yen market, attributing recent volatility to market dynamics.
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