According to CoinMeta, analysts at Mitsubishi UFJ Bank pointed out in a report that the suspected intervention aimed at boosting the Japanese yen on Thursday occurred at a time that was identical to previous interventions. They stated that this suspected intervention took place at the end of the month, and the relevant confirmation data will not be released until the end of August. Additionally, since the action occurred during New York trading hours, it gives the impression that "this intervention has the full support of the U.S. government." U.S. Treasury Secretary Janet Yellen said on Thursday that the yen seems to be "seriously undervalued." Meanwhile, media reports indicated that the Federal Reserve Bank of New York conducted inquiries regarding the exchange rate between the dollar and the yen.