No hints of Bank of Japan yen intervention in the data ...Middle East

forex live - News
No hints of Bank of Japan yen intervention in the data
Japanese FX reserves have jumped higher in December.When the yen was dropping sharply in 2023 there was near-constant questioning on possible Bank of Japan intervention to proper up the currency. In a nutshell this would have involved selling USD/JPY. Such intervention doesn't come free of charge. As I posted back in September of last yearAs for intervention to halt the losses for yen, this is not so easy:Japan's foreign exchange reserves are limitedthe 2022 interventions cost the country about US$62 billionwhich will dissuade the government from aggressive intervention (this Japan's Ministry of Finance that instructs the BOJ to intervene) until the rate hits circa 155Yes, for the BoJ to sel

Hence then, the article about no hints of bank of japan yen intervention in the data was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( No hints of Bank of Japan yen intervention in the data )

Apple Storegoogle play

Last updated :

Also on site :