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 High Food Prices Push Americans into Debt for Essentials like Groceries READ MORE Russia's Central Bank Adapts Gold Buying Strategy Amid Rouble's Rise READ MORE Gold's STEALTH Institutional Rally…What Happens When the Public Arrives? READ MORE Markets on Edge: Continuing Coverage of Regional Banking Crisis READ MORE Japan Raises Interest Rates for First Time in 17 Years READ MORE Add a Comment Cancel replyYour email address will not be published.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