📝Verbal FX Intervention A More Likely Approach by Japan MoF: Commerzbank

The bar looks very, very high for Japan to use foreign exchange market interventions to curtail the yen's depreciation. That is because forex interventions aimed at bolstering a currency are frowned upon by G7 countries. I think that for the time being the Ministry of Finance and Bank of Japan will try verbal interventions and will sound continuously more concerned about the yen-weakness, Japanese policymakers will take this approach in the hope that it will end the yen's collapse for fear of forex interventions. - Commerzbank FX Analyst