Japan spent JPY 0 on FX interventions between February 26th to March 27th

Japan's complete lack of FX intervention over the past month signals a potential shift in their currency strategy, suggesting they may be allowing market forces to dictate the yen's value. This could impact the yen's strength, particularly against major currencies, and reflects a broader appetite for risk assets among traders. Monitor how this influences cross-border flows and market sentiment in the coming weeks.