Last Friday, Japan aggressively intervened in the market, spending $34 billion to support the yen! This round of intervention may set a new monthly record.

According to an analysis of the Bank of Japan's account data, it has been reported that Japanese authorities may have intervened in the foreign exchange market by injecting approximately $34 billion last Friday to support the yen. This action builds on moves taken by Japanese authorities the day before and was coordinated with the United States.