Bank of Japan intervention sends USD lower across Asia

After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

• Dec 22, 2025Japan's yen gains on intervention signals, softer US dollar-0.5%
• Apr 30, 2026AUD/USD jumps near 0.7200 as Japan’s intervention sinks the USD - Bytes Europe-0.8%
• Jan 25, 2026Dollar slips across the board as intervention risk lifts yen | Reuters-0.8%
• Jan 23, 2026Yen (JPY:USD) Jumps Most Since August as Risk of Intervention Ramps Up - Bloomberg-1.5%
• Dec 22, 2025Japan's yen rises vs dollar on intervention hints; US dollar slumps | Reuters-0.5%

After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% over 20.

• Mar 27, 2018China’s Central Bank Sends Yuan Surging+0.2%
• Dec 7, 2023Global investment banks see yuan recovery in second half of 2024+0.2%
• Jun 27, 2023Asian stocks, yuan perk up on brighter China prospects+0.0%
• Oct 26, 2022CNY/USD: Offshore Yuan Rises Most on Record as China Banks Sell Dollars - Bloomberg+0.1%
• Jun 27, 2023JPMorgan sees yuan weakness continuing, possibility of "circuit breaker"+0.0%

After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.

• Sep 16, 2019Oil spike sends India assets lower as inflation concerns revive+6.6%
• Jul 23, 2026Japan core inflation rate in June creeps up from 4-year low as higher oil prices bite-2.9%
• Oct 29, 2026Brent moves lower as US Fed maintains interest rates-5.4%
• Mar 31, 2023Oil Rises On Cooling US Inflation, Lower Global Supplies+8.8%
• Jun 23, 2025Japan's yen sinks as spike in crude oil overpowers safe-haven appeal | Reuters-11.9%