Japan intervention data eyed as yen hovers near 160 per dollar

🇯🇵 The Japan Times (JP) —

AI Summary

The Japanese government intervened in the currency market on April 30 as the yen hovered near 160 per dollar, with price movements through May 6 indicating government purchases. This intervention aims to stabilize the forex market amid significant currency fluctuations.

A person familiar with the matter said intervention took place on April 30 and price moves through May 6 bear the hallmarks of government purchases.

World Politics Markets Japan yen currency intervention forex market government purchases

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