Forex Top Team

Government and Bank of Japan reportedly intervened Finance Minister Kanda “cannot comment”

Today’s dollar-yen depreciated rapidly, and at one point plummeted to the low 146 yen level. Today’s dollar/yen accelerated its upward pursuit to just before 152 yen, but then plummeted by more than 5 yen. The Nihon Keizai Shimbun reported earlier that the government and the Bank of Japan are intervening in foreign exchange by buying the yen and selling the dollar. On the other hand, Kyodo News quoted Finance Minister Kanda as saying, “I cannot comment on whether or not there was foreign exchange intervention.”

It seems that the media of each country is talking about it and is attracting a lot of attention. I’m assuming today’s intervention has been quite large.