Japan Likely Used $30 Billion in Follow-Up Yen Intervention

Japanese authorities likely used another $30 billion intervening in the currency market just days after an earlier round of action, according to a Bloomberg analysis of central bank accounts, in the latest indication of their resolve to support the yen.

The size of the entry into the market was probably around ¥4.68 trillion, based on a comparison of Bank of Japan accounts released Thursday and money broker forecasts. Thursday was the first business day after the Golden Week holidays through Wednesday.