※Translated with Notion AI. (Plus version)
In my contribution yesterday, I pointed out as follows.
While it is true that the yen exchange rate is likely to move this week due to Japan’s Golden Week, it will not break through 160 yen and aim for 170 yen as it stands.
Probably, foreign investors are satisfied that their predictions have come true, but they should also be aware that their current positions are too biased in one direction, making it easier for the effects of intervention to rise.
Afterwards, the dollar/yen exceeded 160 yen in the morning, but it quickly reversed in the afternoon and returned to the mid-155 yen range.
There are speculations that a “stealth intervention” may have taken place.
What is this “stealth intervention”? I received many inquiries, so I will explain it simply.
