I think the purpose of these "interventions" is to hit sl of day traders but is institutional affected or just the leveraged retail?

Dollar/Yen briefly sees sharp drop; suspected JPY intervention

The real deal is coming.

USD Struggles at Important Indicator Against Yen

Japanese have a culture of maintaining harmony, so they will warn several times before doing something harsh. They will intervene when usd/jpy reaches X. My gut tells me X=160, but who knows. Long positions will get obliterated.

Japan FinMin Katayama: Alarmed over FX moves

I don't think raising 25bps will make any difference, especially if they keep the dovish stance. 5 years of negligence has its consequences.

BOJ Likely To Raise Rates In December, Government To Tolerate Move – RTRS Cites Sources

I bet the next "news" will be the finance minister saying that she is monitoring foreign exchange movements with a high sense of urgency

BOJ Gov Ueda: Current interest rates are still accommodative

Yes, keep watching while it goes to 170.

Japan FinMin Katayama: Alarmed by recent FX movements

Ueda-chan, stop saying nonsense. Get out of Tokyo and visit any factory to check the reality for yourself. Your "yen into a meme coin" plan failed. It' 2025, not 1980. image

BoJ Gov Ueda: Consumption resilient due to improvement in household income, job conditions

IMHO never again, but who knows

Japan's Prime Minister Shigeru Ishiba resigns after election defeats