Currency buying intervention amount.
Another year and five months have already passed, and I’m feeling a bit anxious, this is Kobu Me Kokk, hello.
Finally, the details of the currency intervention have been released!
(Below, quoted from Yahoo News ↓)
Yen-buying intervention totaling a record 9.7 trillion yen announced by the Ministry of Finance; likely on 2 days in April and May
On the 31st, the Ministry of Finance announced that the total amount of the currency intervention from April 26 to May 29 was 9.7885 trillion yen. It reflects the yen-buying, dollar-selling intervention that was likely conducted on April 29 and May 2, when the yen had weakened rapidly. It surpassed the 9.188 trillion yen of yen-buying intervention conducted in September-October 2022, becoming the largest on a monthly basis.
It appears to have been aimed at showing a strong stance by currency authorities against the rapid yen depreciation. Currently, the yen is again weakening to levels seen at the time of intervention, and market caution is rising.
The exchange rate is in a yen-weakening, dollar-strengthening trend against the backdrop of the interest rate gap between Japan and the United States, and it briefly fell to the 160 yen per dollar range on April 29 before rebounding sharply.
...That’s what it’s like.
But it’s still leaning toward yen depreciation, isn’t it (;'∀')
(Please purchase from here ↓)
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