Market Data Hints at Massive Yen Intervention by Japan Japan is actively prepared to address foreign exchange issues, emphasized Masato Kanda, a top currency official, in light of recent market data indicating a possible $35 billion intervention by the finance ministry to support the depreciating yen. Although Kanda did not confirm Monday’s sudden yen rise as an intervention, traders and a former official suggested it was. Additionally, central bank projections expect increased yen receipts, hinting at substantial yen purchases, which usually settle in two days. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts World Gold Council: Gold's Shines August Rally Continues READ MORE Fed's Bowman Urges Caution: Inflation Risks Persist, Rate Cuts Premature READ MORE ECB and BoC Poised to Cut Interest Rates This Week READ MORE Was I Wrong About $20,000 Gold & Who Wins? READ MORE Economic Data Heats Up: Fed's 'Patience' Tested by Rising Unemployment READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment