Japan's Potential $35 Billion Yen-Buying Intervention, According to BOJ Data
The Bank of Japan may have spent up to 5.48 trillion yen ($35 billion) in an effort to support the yen amid a sharp selloff linked to rising oil prices due to the Iran war. This follows reports that Tokyo intervened on Thursday, marking its second major intervention since July 2024.
Topics: Bank of Japan currency intervention economic policy foreign exchange yen