USD/JPY: Largest Quarterly Intervention Since 2004
Japan's Ministry of Finance has reported that the Bank of Japan conducted a significant foreign exchange intervention totaling JPY11.735 trillion from April 28 to May 27. This intervention is noted as the largest quarterly action since 2004. The move reflects ongoing efforts to stabilize the Japanese yen amid fluctuating market conditions.
- ▪The Bank of Japan's recent intervention amounted to JPY11.735 trillion.
- ▪This marks the largest quarterly foreign exchange intervention since 2004.
- ▪The intervention took place between April 28 and May 27.
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