Starting with a depreciation of 298 yen on the Nikkei average, the exchange intervention on the 29th is likely to be on the scale of 5.5 trillion yen, the Bank of Japan current account forecast suggests

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Exchange intervention on the 29th is likely to be on the scale of 5.5 trillion yen, the Bank of Japan current account forecast suggests
There is a high possibility that the Japanese currency authorities implemented yen buying intervention in the foreign exchange market on the 29th when the yen exchange rate fluctuated. This is because there was a big difference between the predicted value of the current account increase or decrease factor for 5/1 announced by the Bank of Japan on the 30th and the estimated market value.
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The yen fell in the latter half of 157 yen, and the appreciation of the dollar due to employment costs - there is a possibility that there was an intervention on the 29th
The dollar/yen spot transaction volume on the 29th was 12 trillion yen, the largest since 2016 - CME

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