Japan's Largest Ever Yen Intervention in April: 5.92 Trillion Yen Spent Japan conducted a record-breaking yen-buying intervention on April 29, selling 5.92 trillion yen ($40.83 billion) worth of dollars to combat the yen’s decline. This intervention, along with an additional 3.87 trillion yen spent on May 1, aimed to stabilize the currency but ultimately failed to reverse its long-term weakening. The yen briefly strengthened by 5% but later hit a 38-year low in July, prompting further intervention. Japan’s foreign reserves fell to $1.22 trillion by the end of July, reflecting the sale of U.S. Treasury holdings to fund these interventions. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts 25 Million Borrowers to Receive Student Loan Forgiveness Updates READ MORE DataTrek: Silver Undervalued Relative to Gold, Cyclical Gains Expected READ MORE Gold's Ascent Continues: Breaking $2,483.40 Could Lead to New Heights READ MORE Federal Reserve Balances Rate Decisions Now That Inflation Has Slowed READ MORE The Italian Job Revisited: How Much Are Those Gold Bars Worth Today? READ MORE Add a Comment Cancel replyYour email address will not be published.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