Maybank: Japan has sufficient yen intervention "ammunition"

```htmlGolden Ten Data reported on June 30 that analysts at Maybank pointed out that the USD/JPY exchange rate breaking through the 162 level has triggered intervention risks, as this threshold is considered a critical point where officials may take action. They wrote in their report that it remains unclear whether intervention is imminent or underway, but officials have continuously issued cautionary statements. Maybank is closely monitoring the potential sharp volatility in exchange rates that may accompany intervention, and noted that Japan’s reserves in deposits and securities—its “ammunition”—are plentiful, far exceeding the previous round of intervention which cost about 7.4 billion USD. “Currently, we are watching whether this currency pair can hold the 162.00 level in the short term. If it breaks through, the next resistance is at 164.00.” Maybank has set the support levels at 158.00 and 155.00.```