Nomura said Japan's latest intervention by the Ministry of Finance may have been larger than the previous round seen from late April to early May. The brokerage estimated intervention at about 14.1 trillion yen, or $88 billion, during July 30 to August 3, topping the combined 11.7349 trillion yen deployed on April 30, May 4 and May 6. Currency intervention refers to official market operations aimed at influencing exchange rates.