Deutsche Bank: According to IMF rules, Japan still has two windows for intervening in the yen According to a report by Golden Finance, on July 1st, Deutsche Bank stated that according to the rules of the International Monetary Fund (IMF), if Japan wants to maintain its status as a freely traded currency, it can only intervene in the exchange rate twice between now and November, with each intervention lasting no more than three consecutive trading days. In other words, Japan has limited available resources, and the market is aware of this, "strategist Michael Pfister wrote in the report. Intervention must be carried out at a time when it can have the greatest impact at the lowest possible cost. In order to minimize the operational costs of the Japanese authorities, yen liquidity should also be at a low level when they intervene in the market. Public holidays are particularly suitable for this, fortunately, the United States will welcome the Independence Day weekend this week.