Reported 4 months ago
Japanese authorities have spent approximately $62 billion intervening in the foreign exchange market to support the yen over the past month, preventing it from reaching new lows but not reversing its longer-term declines. Despite these significant interventions, the yen's weakness persists, with market attention focused on potential future interventions as the currency hovers near a critical threshold. Finance Minister Shunichi Suzuki has issued intervention warnings, and authorities are prepared to act to counter excessive yen moves, with expectations of further intervention efforts in the future.
Source: YAHOO