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 Oil Volatility Hits Multiyear Low as Threat of Mideast Conflict Lowers READ MORE Fed Could Slash Rates by 200 Points Over 8 Meetings, Citi Analysts Predict READ MORE Mixed Central Bank Buying Patterns Keep Gold Market on Edge READ MORE Injecting New Life into the World’s Deepest Mine READ MORE Analyst Says Silver Could Be Headed to $50 READ MORE Add a Comment Cancel replyYour email address will not be published.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