Japanese yen near 162.5 per dollar sparks intervention watch

The yen is trading around 162.5 per US dollar as Tokyo observes a public holiday, which thins market liquidity and raises the risk of sharp moves. Traders note that the Ministry of Finance previously intervened with a record ¥11.73 trillion in April‑May after the pair breached the 160 level, and the current thin‑liquidity backdrop could make any new action more impactful.

Technical analysis highlights a key resistance at 162.45 and support around 162.27. A break above the resistance is seen as necessary for further upside, while a decline below the support could prompt a move toward lower targets. Market participants remain alert to possible intervention as the yen hovers near these crucial levels.