Forex intervention

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Following its May 1 intervention that propelled the yen higher, Japan's Vice Minister of Finance Satsuki Katayama stated on May 5 that the country can conduct two more interventions before November under IMF guidelines. Authorities also warned traders to stay alert as yen battles intensify.

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On May 1, 2026, Japan's yen surged after the government confirmed intervention in foreign exchange markets, following a 'final' warning from authorities amid the currency's slide to near four-decade lows against the dollar. The move reversed months of weakness, building on earlier speculation in January.

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