Japan and South Korea Intervene to Prop Up Currencies

Japan intervened in the forex market to strengthen the yen ahead of a Bank of Japan policy decision, with reports suggesting a sale of $58.97 billion. South Korea also conducted a rare dollar-selling intervention, reportedly alongside Japan, to support its currency.

31 Jul, 02:36 — 31 Jul, 02:36

Post Share

Sources

Showing 1 of 2 sources

bloombergHigh30d ago

Japan Preempts Market With Yen Intervention

Japan intervened in the currency market to bolster the yen, which sharply advanced as much as 3.3% versus the dollar in New York trading on Thursday. Bloomberg's Shery Ahn breaks down the developments. (Source: Bloomberg)

Read full article →

Coverage Timeline

First report: bloomberg · 31 Jul, 02:36|Full coverage: 2 · 8h|Window: 8h

Left-leaningCenterRight-leaning

bloomberg31 Jul, 02:36First to report

Japan Preempts Market With Yen Intervention

8h later

channel-news-asia31 Jul, 10:17Latest update

Japan and South Korea Intervene to Prop Up Currencies

Sources

Japan Preempts Market With Yen Intervention

Coverage Timeline

Japan Preempts Market With Yen Intervention

Japan may have sold $58.97 billion in yen-buying intervention

Related Stories

Iceland Rejects Restart of European Union Accession Negotiations in Tight Referendum

Funeral for Norway’s Late King Harald V Set for September 9 in Oslo

Ferry Capsizes Off Northern Cyprus Coast, Killing At Least Seven and Dozens Missing

Nicolás Maduro Releases First Photos From New York Detention Facility