Japan confirms first currency intervention since 2022 with $62 billion in spending
Publishing timestamp: 2024-05-31 10:02:33
Summary
Japan's Ministry of Finance confirmed the country's first currency intervention since 2022, spending 9.7885 trillion yen to stabilize the yen after it plunged to a 34-year-low against the U.S. dollar. This move coincided with a sharp rebound in the Japanese currency in recent weeks.
Sentiment: NEUTRAL
Tickers: JPY=,
Keywords: markets, business news, world markets, currency markets, usd/jpy, breaking news: markets, asia economy,
Source: https://www.cnbc.com/2024/05/31/japan-confirms-first-currency-intervention-since-2022.html