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 Core Inflation Meets Expectations, Posing Questions for Fed's Next Move READ MORE Anticipation Builds for Potential Fed Rate Cuts in 2024 READ MORE Oil Prices Recover Slightly Amid OPEC+ Supply Concerns READ MORE Americans Prioritize Summer Fun Over Financial Health, Risking Long-Term Debt READ MORE U.S. Jobless Claims Hold Steady, Suggesting Strong Labor Market READ MORE Add a Comment Cancel replyYour email address will not be published.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