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MNI BRIEF: BOJ Bought Record JPY3.6 Trln In Yen Intervention

(MNI) Tokyo
MNI (Tokyo)

The scale of the yen-buying intervention conducted by the Bank of Japan last Thursday is estimated to be around JPY3.6 trillion, daily data released by the BOJ showed.

The data showed a total of JPY3.6 trillion of Treasury funds and other funds will be absorbed from the money market on Tuesday, indicating the BOJ will drain the funds in the wake of the yen-buying intervention.

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The scale of the yen-buying intervention conducted by the Bank of Japan last Thursday is estimated to be around JPY3.6 trillion, daily data released by the BOJ showed.

The data showed a total of JPY3.6 trillion of Treasury funds and other funds will be absorbed from the money market on Tuesday, indicating the BOJ will drain the funds in the wake of the yen-buying intervention.

Keep reading...Show less