Japan Sets Fresh Daily Record with Record-Breaking Yen-Buying Intervention
Japan's Ministry of Finance (MOF) released data showing that authorities conducted a record-breaking yen-buying intervention in April, selling $40 billion worth of dollars.
The largest operation took place on April 30, with Japan intervening for the first time since 2024, and surpassed the previous single-day record of 5.92 trillion yen spent on April 29, 2024.
The intervention helped lift the yen from a near two-year low of 160.725 per dollar to around 155 by May 6, but failed to reverse the currency's broader downtrend.