History of Japan’s Intervention in Currency Markets
The timeline shows repeated, sometimes coordinated, yen-buying and dollar-selling operations, including a record 11.7 trillion yen intervention in July 2024.
4 Articles
4 Articles
It was reported on the 31st that foreign exchange authorities in South Korea and Japan intervened in the market by selling dollars on the night of the 30th to slow the pace of their currency depreciation. As a result, the exchange rates of the won and the yen against the U.S. dollar surged in tandem. In the foreign exchange market, there is talk that "South Korea and Japan effectively launched a joint operation to lower their exchange rates." Th…
History of Japan’s intervention in currency markets
TOKYO, July 31 (Reuters) - The yen jumped suddenly against the dollar on Thursday after what market sources said was official yen buying in New York hours, coordinated with intervention by South Korea. It lifted the yen from near four-decade lows and g...
On July 30, the US dollar fell 2.6% against the Japanese yen, hitting a more than two-month low of 159.225. (Tomohiro Ohsumi/Getty Images)
Coverage Details
Bias Distribution
- 67% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
