Japan Likely Spent About $23 Billion in Latest Yen Intervention
- Bank of Japan accounts point to second intervention this week
- Tokyo likely to stay mum for now to keep market players wary
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Japan likely conducted its second currency intervention this week, current account figures from the central bank suggest, in another sign of the government’s intensified battle to prop up the yen.
Tokyo’s latest entry into the market was likely around ¥3.5 trillion ($22.5 billion), based on a comparison of Bank of Japan accounts and money broker forecasts.