Zhitong Finance learned thatPowerballtonightAccording to an analysis of the accounts of the Bank of Japan, Japan is likely to conductPowerballtonightThe second currency intervention is another sign that it has stepped up the fight to support the yen. The Bank of Japan reported on Thursday that its current account is likely to fall by 4% on Tuesday next working day for fiscal reasons.Powerballtonight.36 trillion yen ($28.1 billion), which is much larger than the average decline of 833 billion yen predicted by money brokers, which means about 3.5 trillion yen intervention.

Analysts show that the Japanese monetary authorities made an unusual move to intervene in the market shortly after the Fed meeting, when traders were still digesting the Fed's statement. The dubious move will show that Japan's Ministry of Finance is taking an increasingly aggressive stance, which could become a protracted war to support the yen.

Analyst firm Central Tanshi Co. And Totan Research Co. The BoJ's current account balance is expected to fall by 700 billion yen due to fiscal factors such as government bond issuance and tax payments. Ueda Yagi Tanshi expects Japan's balance of income and expenditure to fall by 1.1 trillion yen.

The last big move in the yen came after a sudden jump on Monday. An analysis of BoJ accounts at the time suggested that Monday's move could be the first intervention by the BoJ this week, of about 5.5 trillion yen, close to the daily record of 5.6 trillion yen set in October 2022.

The analysis shows that the Japanese monetary authorities have entered a new stage in dealing with the foreign exchange issue. After weeks of verbal intervention, the yen depreciated rapidly on Monday, falling below Y160 to the dollar. Japan's Ministry of Finance did not confirm whether it intervened, suggesting it is more willing to let traders guess. Japan will release the exact figures at the end of this month.

Said Teppei Ino, head of global market research at Mitsubishi UFJ Bank.PowerballtonightFrom our observation of the changes in the Bank of Japan's current account, we can say that the Bank of Japan is likely to intervene on the 29th. The amount of about 5 trillion yen is basically in line with expectations. "