Yen Trades Flat Amid Intervention Fears as Japan Closed for Holiday

The Japanese yen traded in a narrow range on Monday, with markets in Japan closed for a holiday, as investors remained cautious over the possibility of intervention by Japanese authorities. The yen held steady against the dollar, with market participants focused on the Bank of Japan's (BOJ) policies. Low trading volumes due to the holiday are being closely watched, as they could lead to sudden currency movements. Analysts suggest that authorities may step in to prevent excessive yen depreciation, keeping intervention expectations alive. A clearer market direction is expected once trading resumes in Japan after the holiday. Global risk appetite and movements in the US dollar will also be key factors influencing the yen. This is not investment advice.