Suspected Yen Intervention Timing Mirrors Past Operations During New York Session

Mitsubishi UFJ analysts note Thursday's suspected yen-boosting intervention mirrors past timing, occurring in the NY session with implied US support amid Yellen's comments.

Woofun AI reports that Mitsubishi UFJ Bank analysts identified similarities between Thursday's suspected yen-boosting intervention and previous operations. The action occurred at month-end, with confirmation data expected in late August, during the New York session to signal US government backing. Treasury Secretary Yellen stated the yen appears "severely undervalued."