May 02, 2024 09:11 GMT
2024 JPY Intervention So Far Matches 2022 Action
JAPAN
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Bank of Japan's daily accounts data strongly suggests another phase of intervention took place after-market yesterday, with the daily update suggesting intervention of around Y3.5trl - a slightly smaller quantity relative to Monday's Y5.5trl.
Comparing the two waves of intervention so far - this week's JPY buying roughly equivalent to the three confirmed phases in late 2022:
- May1: Y3.5trl
- Apr30: Y5.5trl
- Oct 2022 (2/2): Y0.729trl
- Oct 2022 (1/2): Y5.62trl
- Sep 2022: Y2.84trl
2022 phase total: Y9.2trl
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