Japan buys record 7.98 trillion yen in single-day intervention

Briefing by News4U · First published

Japan bought a record 7.98 trillion yen ($50.4 billion) on July 30 to support the yen, the largest single-day intervention, after the currency weakened to the upper 163 range against the dollar, its lowest level in 39 years and eight months. Japan and the United States jointly intervened on July 31 for the first time in 28 years, with Japan spending 5.55 trillion yen that day. Total intervention spending reached 15.4 trillion yen across July 30, 31 and August 3. [1] [2]

Sources

  1. Japan stepped in to buy one-day record 7.98 tril. yen in July: gov't data

    Kyodo News Business · · Full text

  2. Japan stepped in to buy one-day record ¥7.98 tril in July: gov't data

    Japan Today Business · · Summary only

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