Reminder, Japanese and mainland China markets are close again today, Tuesday, May 5, 2026

Japan and mainland China markets are closed Tuesday, May 5, 2026. The holiday will thin liquidity in the yen, particularly during the Asian time zone, making USD/JPY more sensitive to market moves and potential intervention. Thin trading increases the likelihood of sharp, “spikey” moves in the yen; traders should expect elevated volatility and lower depth in the Asian session while monitoring for intervention attempts.