BUSINESSBLOOMBERG
Japan Used Record $73.6 Billion to Support Yen in Past Month
Japan spent a record $73.6 billion in the past month to support the yen. The currency is now at its strongest level since October due to speculation about potential government intervention to curb its decline.
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Adjacent reporting
- Japan Likely Spent About $34.5 Billion on Yen Intervention
- Japan confirms record $73bn yen-buying intervention in April-May
- Japan’s Reserves Tally Likely Too Early to Reflect Intervention
- Morgan Stanley Japan Head Says BOJ Hike Key to Strengthening Yen
- Yen Intervention Rally Faces High Hurdle at 155 to the Dollar
- Yen Rallies to Build on Gains Spurred by Recent Intervention