Japan may not have intervened in FX market on Monday despite yen's surge, BOJ data suggests

TOKYO, Aug 4 : Japan may not have intervened in the currency market on Monday, central bank data indicated, despite a sudden surge in the yen that led traders to anticipate a third straight day of intervention. The Bank of Japan's projection for money market conditions for Wednesday points to a shortfall of 3.38 trillion yen ($21.43 billion) versus brokerage forecasts of a shortfall of between 2.32 trillion and 2.6 trillion.Tuesday's data did not indicate a large outflow in the central bank's current account balances. Outsized outflows are typically interpreted as correlating with the size of any intervention. The yen suddenly leapt in the Asian morning on Monday to hit 155.20 per dollar, its strongest in about three months, as traders kept on alert for further intervention by authorities.