On Friday, the yen experienced significant volatility as the Bank of Japan engaged in rate checks on the Bloomberg Terminal with traders, leading many to believe that intervention took place on Thursday to support the currency. The yen fluctuated intensely during morning trading in Tokyo, prompting speculation among market participants that the central bank had reached out to gather indicative exchange rates against the euro. This ongoing activity suggests a concerted effort by Japanese authorities to stabilize the yen amidst economic uncertainties. The market response to these interventions highlights the delicate balance between central bank interventions and market dynamics in shaping currency movements. As the yen continues to be closely monitored for further developments, the impact of these actions on the broader financial landscape remains to be seen.