Japan spent $20.7 billion on currency intervention on July 11

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2024.11.07 19:30

TOKYO (Reuters) – Japan spent 3.168 trillion yen ($20.69 billion) on dollar-selling intervention on July 11 and 2.367 trillion yen on July 12, quarterly data from the Ministry of Finance (MOF) showed on Friday.

The data represents a detailed daily breakdown of the previously revealed 5.53 trillion yen currency intervention made during the period from June 27 through July 29.

© Reuters. FILE PHOTO: Examples of Japanese yen banknotes are displayed at a factory of the National Printing Bureau producing Bank of Japan notes at a media event about a new series of banknotes scheduled to be introduced in 2024, in Tokyo, Japan, November 21, 2022. REUTERS/Kim Kyung-Hoon/File Photo

Over those two days in July, the yen shot to as high as 157.30 to the dollar from as low as 161.76.

($1 = 153.1300 yen)

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