Markets analysts speculated that policymakers had used the opportunity of the U.S. inflation data to enter the market.
The Japan ese currency popped 3% against the dollar late Thursday as the market responded to surprisingly soft U.S. inflation data.
Masato Kanda, the vice minister of finance for international affairs at the Ministry of Finance, told Jiji Press that he was not in a position to comment on any possible intervention. This compares to an earlier forecast for a surplus of around 400 billion yen, according to news agencies Nikkei and Reuters, leaving a surprise 3.57 trillion yen gap in the finances. This is expected to have been spent on currency intervention on Thursday, with foreign exchange transactions taking two working days to settle.
Markets Breaking News: Markets USD/JPY Japan Forex Markets Economic Events United States Business News
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan data suggests possible yen intervention of around $22 billionMarkets analysts speculated that policymakers had used the opportunity of the U.S. inflation data to enter the market.
Read more »
Japan markets climb after inflation data release; other Asia markets mixedJapan’s headline inflation rate rose to 2.8%, higher than April’s figure of 2.5%.
Read more »
Japan and Taiwan markets hit all-time highs as Asia-Pacific markets riseThe Topix crossed its all time high of 2,886.50, set in December 1989 as Asia markets rose.
Read more »
Megan Thee Stallion's Two-Piece Outfit Look Is $22 on AmazonMegan Thee Stallion rocked an all-pink two-piece outfit in the Amazon Prime Day kickoff — get the look on Amazon!
Read more »
Michael Penix Jr. Becomes $22 Million Man for the FalconsThe former UW quarterback agrees to terms on his rookie contract.
Read more »
Save Big With Coach’s $22 Wristlet: Fit Your Phone, Cards & Cash for 75% OffHere's where to buy Coach's Corner Zip Wristlet online.
Read more »