Japanese Finance Ministry Reveals Details of Forex Intervention But Covert Intervention Still Suspected
NEWS
TOKYO--The Japanese Finance Ministry announced details of its foreign exhange intervention operations for the first time last week, in the latest move towards greater transparency at the ministry.
In the period of April to June of this year, the central bank intervened to sell •1,385.4 billion to buy the US dollar, according to a statement.
Analysts say the intervention took place when the dollar was trading at around •103.50 and pushed the dollar up two yen during Tokyo trading, reaching an
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