BOJ data hints at over $30bn intervention to support yen on Thursday
Currencies
Such action would mark Japan’s first intervention in nearly two years
A monitor displaying the yen’s exchange rate against the U.S. dollar on May 1 on Gaikaitame.com. (Photo by Nanami Sato)
TOKYO — Money market data released by the Bank of Japan on Friday suggests that there were yen-buying interventions worth around 5 trillion yen ($32 billion) on Thursday, backing up the Japanese unit’s sharp rally against the U.S. dollar.
