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 I Believe Gold & Silver Demand Will Rise 4x Within 5 Years READ MORE Tax Season and Rising Debt Costs Push U.S. February Deficit Wider READ MORE Gold Soars to New Heights as Central Banks and Investors Pile In READ MORE BullionStar Financials FY 2023 – Year in Review READ MORE Global Equity Slump Forces Gold Selloff, Prices Drop Below $2,425 READ MORE Add a Comment Cancel replyYour email address will not be published.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