Yen keeps markets on edge, data points to BOJ intervention The yen steadied on Friday, a day after the Bank of Japan likely intervened to prop up the currency, on the coat-tails of an unexpected drop in U.S. consumer prices that fuelled the largest drop in the dollar since May. Daily operations data from the BOJ on Friday suggested the central bank had spent between 3.37-3.57 trillion yen ($21.18-22 billion) on buying the yen on Thursday, less than three months after its last foray into the market. Tokyo’s top currency diplomat, Masato Kanda, said on Friday authorities will take action as needed in the foreign exchange market, but declined to comment on if authorities had intervened. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Recycling Rises in India During Wedding Season Amid High Prices READ MORE Record-Breaking July for CME Group: 24.8 Million Contracts Traded Daily READ MORE Debt Service Costs Threaten Sustainable Development in Developing Countries READ MORE Gold Demand Hits Q2 Record Despite Consumer Pullback READ MORE Many Top Executives Withhold Financial Support in Trump vs. Biden Rematch READ MORE Add a Comment Cancel replyYour email address will not be published.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