Bank of Japan spent an estimated 3.6 trillion yen ($25 billion) on the fx intervention last Thursday… today JPY is back at 145 almost entirely erasing the effects of the intervention…
A private-sector estimate puts Japan’s recent intervention in the currency market at more than 3 trillion yen, or over 20 billion dollars. The government and the Bank of Japan stepped into the market last Thursday to buy the yen and sell the dollar in a bid to stop the rapid fall of the Japanese currency. … Read more