BOJ Data May Help Show Whether Japan Intervened in Forex Market.

The Bank of Japan is expected to release data that may shed light on whether the government intervened in the currency market after the yen's sharp decline. The central bank will provide forecasts for its current account balance, and if these predictions show a larger decrease than anticipated, it could indicate intervention. Analysts suggest that if the shortage of yen exceeds forecasts, it would confirm intervention. While Japan's top currency official did not confirm intervention, he stated that excessive currency moves driven by speculation would negatively impact the economy, and appropriate action would be taken. The yen rebounded from its weakest level in 34 years on Monday, leading to speculation of intervention. [Extracted from the article]