BOJ data suggests Japan may have spent over ¥3 trillion on intervention yesterday

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That
fits
roughly
with
the
same
amount
spent
during
their
intervention
efforts
on
1
May
last
month
as
seen

here.
So,
it
is
not
to
say
that
they
tried
to
pull
off
a
half-assed
attempt
yesterday.
As
a
total
in
May,
Japan
spent
a
record
¥9.8
trillion
–
which
surpassed
the
total
used
in
2022
to
defend
the
yen
currency.

USD/JPY
is
little
changed
on
the
news,
having
traded
sideways
after
the
wild
swings
in
Asia.
The
pair
is
now
holding
at
159.10
on
the
day.