Japanese data to confirm FX intervention as yen weakness persists
==========
Japan will release data on Friday revealing how much it spent intervening in the foreign exchange market to prop up the yen in May. Tokyo is suspected to have spent around a combined 9 trillion yen ($57.11 billion) on April 29 and May 2 to prevent the yen from falling to a 34-year low of 160 to the dollar. The monthly data only shows the total amount Japan spent on currency intervention during the period, with a more detailed breakdown to be released in early August. Market attention is now focused on whether and when Japan might intervene in the market again.
#FxIntervention #YenWeakness #ForeignExchangeMarket #CurrencyIntervention #BankOfJapan #UsEconomy #FederalReserve #InterestRates
https://finance.yahoo.com/news/japanese-data-confirm-fx-intervention-004210727.html
Yahoo Finance /
npub1j0e…3yhd
2024-05-31 03:34:17
Author Public Key
npub1j0e6zhr82q4par2f4ecr67zvj0ltv8qgqr8v3llw2ed6qvdrm4fs9s3yhdPublished at
2024-05-31 03:34:17Event JSON
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"content": "Japanese data to confirm FX intervention as yen weakness persists\n==========\n\nJapan will release data on Friday revealing how much it spent intervening in the foreign exchange market to prop up the yen in May. Tokyo is suspected to have spent around a combined 9 trillion yen ($57.11 billion) on April 29 and May 2 to prevent the yen from falling to a 34-year low of 160 to the dollar. The monthly data only shows the total amount Japan spent on currency intervention during the period, with a more detailed breakdown to be released in early August. Market attention is now focused on whether and when Japan might intervene in the market again.\n\n#FxIntervention #YenWeakness #ForeignExchangeMarket #CurrencyIntervention #BankOfJapan #UsEconomy #FederalReserve #InterestRates\n\nhttps://finance.yahoo.com/news/japanese-data-confirm-fx-intervention-004210727.html",
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