[Japan May Not Have Intervened in the Forex Market on Monday] Data from the Bank of Japan indicates that despite the yen's sudden sharp appreciation on Monday, which led traders to anticipate Japan's third consecutive day of forex market intervention, Japan may not have intervened in the forex market on Monday. The Bank of Japan's forecast for Wednesday's money market conditions shows a funding gap of 3.38 trillion yen (approximately $21.43 billion), compared to previous broker estimates of a gap between 2.32 trillion and 2.6 trillion yen. Data released on Tuesday did not show a significant outflow of funds from the Bank of Japan's current account balance. Large-scale fund outflows are typically seen by the market as being associated with the scale of forex interventions by the Japanese government.