Japan reserves plunge record $79.6 billion after massive yen intervention

Japan's foreign exchange reserves fell a record $79.6 billion, a direct result of large-scale intervention to support the weakening yen. This marks one of the biggest single drawdowns in reserve history and signals the Bank of Japan's commitment to stemming yen depreciation through direct market action. For traders, this confirms intervention activity and may signal either near-term exhaustion of intervention tools or a policy shift ahead.

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