After the over 100+ point up in USDJPY overnight be on the alert for intervention comments

<p>The rapid slump in the yen on Thursday should bring along verbal intervention from Japanese authorities today. </p><p>I'm only expecting verbal intervention, not actual yen buying, but this can be enough to scare yen shorts into covering (i.e. buying back some their yen shorts and sending JPY crosses a little lower). </p><p>Comments are likely from Japan's finance minister Suzuki, and we had some from the economy minister also earlier this week</p><ul><li><a href="https://www.forexlive.com/centralbank/japan-finance-minister-suzuki-says-fx-stability-is-important-20230620/" target="_blank" rel="follow" data-article-link="true">Japan finance minister Suzuki says FX stability is important</a></li></ul><p>The most impactful comments come from Japan's Finance Ministry's Vice Finance Minister for International Affairs Kanda. He is the guy (its normally a guy, yeah) who will instruct the BOJ to intervene, when he judges it necessary. Often referred to as Japan's 'top currency diplomat'.</p><p>As for actual yen buying intervention, it'll be preceded by more pointed comments. I have a guide here:</p><ul><li><a href="https://www.forexlive.com/centralbank/the-4-phrases-from-japanese-officials-to-listen-for-signalling-imminent-yen-intervention-20230606/" target="_blank" rel="follow" data-article-link="true">The 4 phrases from Japanese officials to listen for signalling imminent yen intervention</a></li></ul><p>Japan's Finance Ministry's Vice Finance Minister for International Affairs Kanda</p>

This article was written by Eamonn Sheridan at www.forexlive.com.