Bank of Japan account data shows that Japan may intervene in the yen exchange rate on Monday

Apr 30 - Japan likely made its first currency intervention since 2022 on Monday, according to an analysis of the Bank of Japan's accounts. < b > The Bank of Japan reported on Wednesday that its current account could be reduced by 7.56 trillion yen, much larger than the decline of about 2.10 trillion yen estimated by brokers, indicating that an intervention of about 5.50 trillion yen occurred. After weeks of verbal intervention, the yen quickly depreciated to more than 160 against the dollar on Monday. The Finance Ministry declined to confirm whether the intervention had taken place, suggesting it prefers to keep traders guessing. Totan Research estimated last week that the Bank of Japan's current account balance would decrease by 2.10 trillion yen. Central Tanshi predicted a decrease of 2.05 trillion yen. < b > Foreign exchange transactions will be settled within two business days, so if the Bank of Japan buys yen with dollars on Monday, this will be reflected in Wednesday's market data.