August 07, 2024 01:26 GMT
MNI BRIEF: Japan Conducts Forex Interventions Apr 29, May 1
(MNI) TOKYO
Central Bank NewsPolicy NewsFiscalGovernment sectorAPACJapanBank of JapanBriefStoryRegionBank of Japan (BOJ) Market News
Japanese authorities conducted yen buying interventions on April 29 and May 1, purchasing JPY5.9 trillion and JPY3.9 trillion respectively when the yen fell to JPY160 for the lowest level in 34 years, data released by the Ministry of Finance showed on Wednesday.
The dollar traded at around JPY145.20 in early Wednesday after rising to a JPY141 level on Monday following concerns the U.S. Federal Reserve could lower rates to support the economy.
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