Yen traders brace for intervention risk as holidays drain market liquidity
Yen traders are on alert as market liquidity decreases due to holidays in London and New York. The USD/JPY pair is hovering near the critical 160 level, prompting speculation about potential intervention by Japanese authorities. Recent interventions during Golden Week saw significant yen-buying, which strengthened the currency against the dollar.
- ▪Trading volumes are thin with major markets closed for holidays.
- ▪The USD/JPY pair is close to the 160 level, where Japan may intervene.
- ▪Recent interventions totaled approximately 5 trillion yen, or $32 billion, to support the yen.
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Yen traders brace for intervention risk as holidays drain market liquidity With London and New York markets closed for holidays, thin trading volumes near USD/JPY 160 have traders watching Tokyo for a repeat of Golden Week's $32 billion yen-buying spree. Share Add us on Google by Editorial Team May. 22, 2026 (function () { var s = document.currentScript; var wrapper = s && s.closest ? s.closest('.cb-sevioads-inarticle') : null; var inMobile = wrapper && wrapper.closest('#mobile-articles'); var inDesktop = wrapper && wrapper.closest('#desktop-articles'); if (inMobile || inDesktop) { var isDesktopVp = window.matchMedia('(min-width: 768px)').matches; var matches = (inMobile && !isDesktopVp) || (inDesktop && isDesktopVp); if (!matches) { var sevioDiv = wrapper.querySelector('.sevioads'); if…
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