Analysts: Japan's currency market intervention guessing game makes traders uneasy

According to ChainCatcher news, as reported by Jinshi, analysts have indicated that Japanese officials continue to try to keep speculators on alert against the backdrop of a possible change in the authorities' yen strategy, downplaying reports of government officials confirming intervention. Japan's Deputy Finance Minister Masato Kanda stated on Friday, "We have not given any answer regarding whether intervention has occurred."

Yesterday, the CPI data released by the United States was weaker than expected, leading to significant fluctuations in the yen and sparking market speculation that Tokyo took advantage of the initial reaction and then entered the market to take action. If this move is proven to be an intervention, it would mark a new development in Japan's strategy to disrupt and fend off yen shorts. Masato Kanda has repeatedly cast doubt on the market regarding Japan's actions, trying to maximize the impact of exchange rate policies. While this does not help change the overall dynamics of the market, it has created a degree of unpredictability, leaving speculators uncertain about when the Japanese government might suddenly intervene.