📝 Don't See Evidence Of USD/JPY Intervention: UBS Strategy

Preliminary daily current account data from the Bank of Japan doesn't provide clear evidence of any intervention on Tuesday. The daily bafance suggests JPY100 mn of dollar selling, far less than the estimated JPY200 bn that went through the market on Tuesday. The data suggests either there was a very small intervention or the Bo] was not behind the move on Tuesday.

- UBS Strategy