Free Trial

MNI BRIEF: Japan's MOF Buys JPY5.5 Trln of Yen in July

MNI (TOKYO) - The Ministry of Finance conducted a total of JPY5.53 trillion of yen-buying interventions on July 11 and 12 to curb depreciation, data on forex interventions for the period from July through September 2024 released by the MOF showed on Friday.

The dollar rose to JPY161.94 on July 3 on the back of a differential interest rate between Japan and the U.S. for the highest level since December 1986.

Keep reading...Show less
133 words

To read the full story

Close

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.

MNI (TOKYO) - The Ministry of Finance conducted a total of JPY5.53 trillion of yen-buying interventions on July 11 and 12 to curb depreciation, data on forex interventions for the period from July through September 2024 released by the MOF showed on Friday.

The dollar rose to JPY161.94 on July 3 on the back of a differential interest rate between Japan and the U.S. for the highest level since December 1986.

Keep reading...Show less