Japan's ¥9.8 Trillion Currency Intervention Defended by Finance Minister Japan’s Finance Minister Shunichi Suzuki confirmed the government’s currency intervention aimed at countering speculative FX moves, stating it had a certain effect. This intervention, costing ¥9.8 trillion ($62.7 billion), was the first official acknowledgment of the action. The yen strengthened after interventions between April 26 and May 29, suggesting effectiveness, though the exact timing remains undisclosed. Officials often stay silent post-intervention to maintain market uncertainty and prevent excessive currency movements. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Copper: The New Gold for Miners Amidst Global Energy Transition READ MORE Defying Expectations: Gold's Rally in a Strong Economic and Stock Market Environment READ MORE Gold's Unprecedented Surge: Beyond Geopolitical Turmoil READ MORE S&P 500 Hits 20th Record Record High in 2024 READ MORE SAXO Bank: Gold is Ready to Rise READ MORE Add a Comment Cancel replyYour email address will not be published.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