Japan's Massive Yen Intervention
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Insights by Echo AI
Japan likely spent between ¥6 trillion and ¥8.45 trillion (approximately $44 billion to $57 billion) on currency intervention on July 30, with some reports suggesting it was one of the largest interventions in the country's history. The intervention aimed to support the yen, which had been weakening against the U.S. dollar.
Source coverage
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JAPAN LIKELY SPENT MORE THAN Y6 TLN ON CURRENCY INTERVENTION ON JULY 3...
BREAKING NEWS: Japan likely spent 6-7 trillion yen on currency interve...
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