Japan’s government reportedly intervenes in FX market
First intervention in nearly two years after yen fell to weakest level since July 2024
The Japanese government reportedly intervened in the foreign exchange market after the yen fell to its weakest level against the US dollar in nearly two years.
News outlets including Nikkei, Reuters and Bloomberg reported on April 30 that the Japanese government bought yen and sold dollars, citing unnamed government and market sources.
The Japanese currency was trading at more than ¥160 per dollar before the intervention reportedly took place, its weakest level since July 2024, which was also the
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