Japan intervened in the foreign exchange market three times during the summer to boost the yen
2026-11-09 08:59:15
According to CoinMeta, the Japanese side stated that they intervened in the foreign exchange market three times this summer to support the yen. This statement confirms previous reports, including Japan's first joint action with the United States in nearly thirty years to jointly support the yen exchange rate. On Monday, the Japanese Ministry of Finance released data on daily foreign exchange market interventions from the previous quarter, showing that the intervention actually lasted for three days, which came as a surprise to the market—traders had generally believed that the intervention only lasted for two days. The data shows that on July 30, Japanese authorities bought a record amount of 7.98 trillion yen (approximately 50.4 billion US dollars), and in the following days, they bought an additional 5.55 trillion yen and 1.87 trillion yen respectively.
Source:Jin10 Data
This content is for market information only and does not constitute investment advice.
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