Reported 4 months ago
Investors are waiting to find out if Japan intervened in the currency market to support the yen with a potential record-breaking amount of ¥9.4 trillion spent in April and May. The Ministry of Finance is set to release data that will reveal the extent of the intervention, which could impact market sentiment depending on the amount spent and the effectiveness of the intervention. The yen is currently trading at 156.65 to the dollar, having weakened significantly recently, and a lack of intervention could lead to further strengthening of the dollar-yen exchange rate.
Source: YAHOO