BOJ Unleashes Massive Intervention, Selling $58.97 Billion in Yen-Buying Effort

The Bank of Japan (BOJ) may have sold as much as $58.97 billion in yen-buying intervention, central bank data indicated on Friday.

This signals repeated efforts to stem the yen's weakness, which has been pushed to four-decade lows by the Iran war-driven energy shock.

The BOJ conducted a yen-buying, dollar-selling intervention in New York on Thursday, according to a market source, its first such foray in three months.