Japan is poised for currency intervention as the yen approaches a critical low, potentially reaching or surpassing 155 against the dollar. This situation has been influenced by recent meetings between Japanese Finance Minister Shunichi Suzuki and his U.S. and South Korean counterparts, which have set the stage for intervention against excessive movements in the yen's value. The yen's weakness, reaching a 34-year low, has prompted discussions among global financial officials, with former Japanese currency official Mitsuhiro Furusawa and others suggesting imminent action. Additionally, the Bank of Japan's upcoming meeting is crucial, as decisions made there could trigger intervention, especially if the yen falls through the 155 mark. The USD/JPY recently rose above 155, a level not seen since 1990, heightening intervention expectations. Bank of America has indicated that a drop in the yen past 155 post-BOJ meeting could be a trigger for this action. Moreover, foreign central banks are increasingly using a Federal Reserve facility to prepare for potential interventions.