Bank of Japan ThursdayAnimeroulettewheelThe Japanese authorities may have intervened in the foreign exchange market for the second time this week, highlighting once again their efforts to support the yen, according to data from the Japanese government.

The Bank of Japan announced on Thursday that its current account is likely to fall by 4% due to fiscal factors on the next working day, that is, next Tuesday.Animeroulettewheel.36 trillion yen ($28.1 billion). It is much higher than the average forecast by money brokers for the decline of about 833 billion yen, suggesting intervention of about 3.5 trillion yen.

The analysis shows that the Japanese foreign exchange authorities took abnormal action and intervened in the market shortly after the Fed meeting when traders were still digesting the resolution. The suspicious intervention suggests that Japan's Ministry of Finance is becoming increasingly aggressive and that supporting the yen could turn into a protracted war.

Central Tanshi and Totan Research expect the BoJ's current account balance to fall by 700 billion yen due to fiscal factors such as government bond issuance and taxes. Ueda Yagi Tanshi expects the balance to fall by 1.1 trillion yen.

Japan will release data at the end of the month to disclose the exact scale of the intervention.