The euro fell from a seven-year high of 1 8.25 to 1 .75. All signs point to BoJ intervention. Volatility levels rise across the yen. , euros fell about 2.5% in a few minutes during Friday’s North American trading session amid suspicions of interference by Japanese economic authorities. The pair retreated from a seven-year high of 1 8.25 to 1 .75 at the time of writing. In the absence of relevant fundamentals, all signs point to market intervention by the Bank of Japan and the Ministry of Finance. To protect the Japanese currency. Bank of Japan officials reiterated the Japanese authorities’ promise to intervene as the yen fell to multi-year lows against its major peers. On Thursday, currency diplomat Masato Kanda confirmed that the Japanese government was ready to act „if excessive volatility becomes increasingly unacceptable”. However, currency analysts remain skeptical about the effectiveness of monetary interventions, although fundamentals continue to support demand for the dollar, especially due to the divergence in monetary policy between the Federal Reserve and the Bank of Japan.