News Summary

• Japan spent about $63 billion in what were suspected to ‌be multiple bouts of yen-buying intervention at the end of April and early May.
• The yen slid to 159.65 on Thursday, the weakest since April 30 when Japan is suspected to have made its first intervention in almost two years.
• The Ministry of Finance is scheduled to announce at 1000 GMT on Friday the total amount spent on foreign exchange intervention since April 28.
• But exhausting all of Japan's foreign assets wouldn't be feasible, particularly as it would negatively impact the value of u.s. Treasuries.