BOJ Yen Intervention Reaches New Heights at $44 Billion
The Bank of Japan's possible yen-buying intervention on Thursday may have totaled up to $44 billion, according to preliminary data released by the central bank. This move comes after a previous intervention in April-May, which saw a total of $73 billion worth of yen purchases.
The latest intervention appears to have contributed to the yen's 3% jump against the US dollar in early New York trading on Thursday.