That’s a whopping figure as it is roughly equivalent to $73.4 billion in dollar terms.
When compared with the previous intervention moves in 2022 and 2024, the size of this one beats out any of the singular period during those years
The total spent on interventions in 2024 is still more, with that being roughly $98 billion. However, that is spread out across April to May and also July during that year. So far, this roughly $73 billion is coming during the course of just a week from the end of April to early May.
The chart below points out when those likely points took place: Since then, USD/JPY has almost completely erased the point of the first intervention move back in late April. For now though, traders are still at least reserving caution in not wanting to incur the wrath of Tokyo officials near the 160.00 level. So, there is still some level of respect there.