Key Takeaways:
- 💰 Japan spent 3.168 trillion yen on dollar-selling intervention on July 11
- 📊 Japan also spent 2.367 trillion yen on July 12
- 📈 Yen shot to as high as 157.30 to the dollar from as low as 161.76 on those two days
- 💵 Japan spent $20.69 billion on dollar-selling intervention on July 11 and $15.68 billion on July 12
- 🔍 Quarterly data from the Ministry of Finance provides a detailed breakdown of currency intervention from June 27 through July 29
Japan recently engaged in significant currency intervention activities in an effort to stabilize the exchange rate. On July 11, the country spent a massive 3.168 trillion yen and $20.69 billion on dollar-selling interventions. This was followed by another substantial intervention of 2.367 trillion yen and $15.68 billion on July 12. As a result of these interventions, the yen’s value fluctuated drastically, reaching as high as 157.30 to the dollar from a low of 161.76 on those two days in July.
Additionally, quarterly data from the Ministry of Finance offers a comprehensive breakdown of currency intervention activities carried out between June 27 and July 29. This detailed information provides insights into the extent and impact of Japan’s interventions during this period.