According to data from the Central Bank of Japan, analysts at the Japanese currency trading firm “Central Tanchi” claim that Japan looks to have invested the most dollars to maintain the yen last Friday evening.
According to a source cited by the Bloomberg News Agency, the extent of the Japanese government’s intervention in the exchange market might be calculated at 5. 5 trillion yen (36.
A shift in the current account is anticipated by the Central Bank of Japan (estimated at $8 billion).
The agency noted that this estimate provides an independent number for the amount that Japan could have spent to support its deteriorating currency.
The abrupt and intolerable collapse of the yen coincides with Sonchi Suzuki, Japan’s Minister of Finance, stating last Friday that his government is prepared to act and that he is closely monitoring the markets due to the potential danger of the scenario.
DBA + “Bloomberg” is the source.
Japan pushes record amounts of dollars into the exchange market to support its depreciating currency.
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