Several Asian countries intervene this week to stop local currency depreciation

```htmlGolden Ten Data reported on May 15 that the Japanese yen suddenly surged this Tuesday, sparking market speculation about "exchange rate inquiries." Japan’s Ministry of Finance declined to comment. Sources revealed that Japan has been buying yen in recent weeks. Indonesia's central bank stated its commitment to "prudent intervention" in the market to defend the Indonesian rupiah’s exchange rate. According to traders, India’s central bank may also have intervened to curb the Indian rupee’s decline. The Indian rupee is currently the worst-performing currency in emerging Asia, having dropped more than 6% so far this year. The Thai baht has also performed poorly this year, falling more than 3% amid downward pressure from rising energy prices and growing fiscal concerns.```