July 12, 2024 00:45 GMT
MNI BRIEF: BOJ Rate-Checking Euro, May Intervene
(MNI) Tokyo
(MNI) TOKYO
Central Bank NewsPolicy NewsFiscalGovernment sectorAPACJapanBank of JapanBriefStoryRegionBank of Japan (BOJ) Market News
Bank of Japan officials are “rate-checking” against the euro in FX markets, meaning the BOJ stands ready to conduct forex interventions, the Nikkei reported.
The BOJ is known for “rate-checking” before intervening, with the Ministry of Finance acting as final decision maker.
Japanese authorities conducted yen-buying interventions against the U.S. dollar early on Friday, local media reported.
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