Bank of Japan account data showed intervention of about 3.50 trillion yen on Thursday
2024-05-02 09:13:31
Japanese officials may have spent 3.26 trillion to 3.66 trillion yen intervening against the yen today, Bank of Japan data showed on Thursday. The Bank of Japan's forecast for next Tuesday's money market conditions showed a net inflow of 4.36 trillion yen, while money market brokers' estimates excluding intervention funds were 700 billion-1.10 trillion yen. Foreign exchange transactions take two business days to settle, and the Japanese market is closed on Friday and Monday for public holidays.
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