Market Data Hints at Massive Yen Intervention by Japan Japan is actively prepared to address foreign exchange issues, emphasized Masato Kanda, a top currency official, in light of recent market data indicating a possible $35 billion intervention by the finance ministry to support the depreciating yen. Although Kanda did not confirm Monday’s sudden yen rise as an intervention, traders and a former official suggested it was. Additionally, central bank projections expect increased yen receipts, hinting at substantial yen purchases, which usually settle in two days. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts India's Central Bank Makes Largest Gold Purchase in Two Years, Boosting Reserves READ MORE Gold Prices Rebound Amid Rate Cut Speculations and Data Focus READ MORE Gold Surges to New High Amid Rising Haven Demand READ MORE Core PCE Index Slows to Six-Month Low, Balancing Inflation and Growth Concerns READ MORE What Creates The 'Perfect Storm' For Silver? READ MORE Add a Comment Cancel replyYour email address will not be published.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