View full page at forexfactory.com

 

Japan intervention last week estimated at over $33 bil

From www3.nhk.or.jp

{video} Some estimates put the amount that Japan's government and its central bank spent last week in currency markets to prop up the yen at more than 5 trillion yen, or over 33.6 billion dollars. On October 21, the Japanese currency temporarily surged by more than 7 yen against the dollar, as the government and the Bank of Japan made an unannounced intervention in the New York foreign exchange market. According to data released by the BOJ on Monday, nearly 8 billion dollars are expected to be transferred from financial institutions to the government via the central bank on Tuesday. A financial intermediary company ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis