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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAmid escalating pressure on the Japanese currency, Finance Minister Katayama stated that the government is ready to take decisive action against speculative movements in the forex market. The Ministry of Finance is scheduled to release official intervention data for the period between late April and May today at 19:00 JST. This warning follows reports that Tokyo's core CPI for May slowed to 1.3%, missing the 1.5% forecast and increasing selling pressure on the yen.
Market concerns are growing regarding the interest rate differential between Japan and the US, with traders watching the 160 level as a potential red line for intervention. Per market data, the yen faces similar pressures against the Euro and Sterling, especially after UK retail sales recently contracted by 1.3%, reflecting global economic divergence. Market experts estimate that Japan may have spent approximately 9 trillion yen in previous intervention rounds to support the currency.
Traders are monitoring USDJPY at critical levels as of May 29, 2026, focusing on the upcoming intervention data to gauge the scale of liquidity deployed. According to the economic calendar, markets are also awaiting the Michigan Consumer Sentiment index and US inflation expectations later today, which could further drive volatility. The psychological resistance level at 160.00 remains the primary focus for the upcoming sessions.