**[Moody's: Yen Surge Signals Strongly, but No Signs of Intervention Yet]** According to a report by Golden Finance, Moody's Analytics economist Stefan Angrick pointed out that the sharp rise in the yen last Friday sparked speculation about official intervention, but the typical early indicators of such actions have yet to emerge. Although Japan's Ministry of Finance tends to delay the release of official intervention data, the Bank of Japan's accounts and estimates from currency brokers usually provide reliable early clues. Angrick noted that these indicators accurately predicted intervention actions in July 2024, but there are no such signs this time. He stated that the government does not always need to actually intervene to influence the market—a credible threat of coordinated action may suffice, especially if Japan and the U.S. act together. The USD/JPY pair is currently trading near 152.54, still some distance from the 160 level considered a potential trigger for intervention. (Jin10)