Analyst: Not so confident that the Japanese government has intervened on such a large scale

According to Chris Scicluna, Director of Economic Research at Daiwa Capital Market in London, ‘This may be another round of moderate intervention by the Japanese government. I am not as confident as yesterday because the yen’s appreciation was long. Considering that Monday is a public holiday in Japan, tonight is not a bad time for the Japanese authorities to intervene. However, this is not the largest fluctuation of the yen so far, so I will not be too confident.’

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