Japan Likely Used $30 Billion in FollowUp Yen Intervention
News Source : Financial Post
News Summary
- Authorities earlier spent an estimated ¥3.86 trillion ($24.7 billion) supporting the yen on April 30.
- The size of the entry into the market was probably around ¥4.68 trillion, based on a comparison of Bank of Japan accounts released Thursday.
- It’s unclear from the latest figures whether there were multiple interventions since the end of last week or on what day such action might have taken place.
- It also comes at an awkward time, ahead of a visit by US Treasury Secretary Scott Bessent.
(Bloomberg) Japanese authorities likely used another $30 billion intervening in the currency market just days after an earlier round of action, according to a Bloomberg analysis of central bank accou [+4765 chars]
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