[theold]

The government and the Bank of Japan on Sept. 22 intervened in the foreign exchange market in Tokyo to prop up the yen after the Japanese currency hit its lowest level in 24 years.

The move immediately pushed the currency up 3 yen to the 142 level against the dollar.

The BOJ conducted a rate check on Sept. 14, asking commercial banks about exchange rate levels. That was seen a precursor to an intervention to lift up the yen.

https://www.asahi.com/ajw/articles/14725127

[teaserteam]

Those short Yen jialat Liao. When BOJ said they won’t intervene, they should get out.