Reuters (July 1)
2026/ 07/ 02 by jd in Global News
“Japan spent a record 11.7 trillion yen ($72 billion) intervening in foreign exchange markets between late April and early May. But the brief boost to the yen was quickly wiped out…. It slumped to a 40-year low of 162.66 per dollar on Tuesday.” The Ministry of Finance is reportedly changing tactics. “Japanese officials are abandoning their habit of telegraphing intervention risks, instead signalling a more targeted campaign to squeeze speculators and raise the cost of betting against the battered yen.”
Tags: $72 billion, Battered yen, Cost, Forex, Intervening, Intervention risks, Japan, Markets, MoF, Officials, Record, Slumped, Speculators, Squeeze, Tactics, Telegraphing, Wiped out
