Japan and South Korea Intervene to Prop Up Currencies

Japan intervened in the forex market to strengthen the yen ahead of a Bank of Japan policy decision, with reports suggesting a sale of $58.97 billion. South Korea also conducted a rare dollar-selling intervention, reportedly alongside Japan, to support its currency.

31 Jul, 02:36 — 31 Jul, 02:36

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bloombergHigh30d ago

Japan Preempts Market With Yen Intervention

Japan intervened in the currency market to bolster the yen, which sharply advanced as much as 3.3% versus the dollar in New York trading on Thursday. Bloomberg's Shery Ahn breaks down the developments. (Source: Bloomberg)

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First report: bloomberg · 31 Jul, 02:36|Full coverage: 2 · 8h|Window: 8h

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bloomberg31 Jul, 02:36First to report

Japan Preempts Market With Yen Intervention

8h later

channel-news-asia31 Jul, 10:17Latest update

Japan and South Korea Intervene to Prop Up Currencies

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Japan Preempts Market With Yen Intervention

Coverage Timeline

Japan Preempts Market With Yen Intervention

Japan may have sold $58.97 billion in yen-buying intervention

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