[ING Bank: Japan May Have Intervened in Yen Exchange Rate] Odaily Planet Daily News – ING Group analyst Francesco Pesole pointed out that Japanese authorities may have intervened in the yen exchange rate on Thursday and could take further action on Friday amid tightened liquidity due to the U.S. holiday. He stated that the USD/JPY exchange rate fell during early trading on Thursday, even before weak U.S. non-farm payroll data pushed it below 161.00. 'We cannot rule out the possibility that this initial decline was driven by forex intervention,' he said. Although the yen has rebounded, the risk of further intervention remains. Japan tends to intervene around holidays and spreads its operations over multiple days. He noted that taking action after the dollar is affected by adverse events aligns with Japan's 2024 strategy. (Jin10)