13 Hrs
Source:
البلاد
Japan's $50B Yen Support
Japan spent nearly $50 billion in a single day in July to support the yen, as part of interventions totaling $97.2 billion in July and August. During that period, it bought 15.4 trillion yen, including 7.98 trillion yen on July 30. Although the interventions temporarily supported the currency, the yen remained near 158 to the dollar, driven by the widening interest-rate gap between the United States and Japan. Markets expect another Japanese rate hike before the end of the year, after the rate reached 1.25% in September.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)