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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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MNI BRIEF: Japan Conducts JPY9.8 Trln Intervention - MOF Data
Japanese authorities conducted yen-buying interventions worth JPY9.7885 trillion from April 26 through May 29, data released by the Ministry of Finance showed on Friday.
The MOF didn’t identify the days when the authorities conducted the forex interventions. (See MNI POLICY: BOJ To Consider Soft Yen Price Impact, Hikes Delayed)
But the BOJ’s current account balances and market operations data indicated that the BOJ bought about JPY5 trillion against the U.S. dollar on April 29 when the dollar traded at around JPY160 and about JPY3 trillion on May 1.
The yen-buying intervention was the first since October 2022.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.