Japan's latest yen-buying move may have cost about $87 billion, estimates show
AI Market Summary
Reports that Japan likely spent about $87B (¥11T) over July 30-31 to buy yen underscore aggressive FX intervention to resist JPY weakness. This raises near-term two-way risk in USD/JPY via potential follow-on operations, shifting expectations for volatility, hedging demand, and cross-asset positioning tied to yen funding and carry trades. It also signals heightened policy sensitivity to rapid exchange-rate moves.
Impact level
● High
Affected assets
NCFXUSD2JPY/USDT+0.67%
AI Insight · NCFXUSD2JPY/USDTAI Insight
● Neutral
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Japan's most recent foreign-exchange intervention to prop up the yen likely amounted to roughly $87 billion, or about 11 trillion yen, according to U.S. sources cited by Huo Xing Finance on Aug. 4.
Based on calculations using the Bank of Japan's latest money market data, the BOJ is believed to have spent about $53 billion on July 30 and another $34 billion on July 31, bringing the total to approximately $87 billion to buy yen and support the currency. (CCTV)
