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JP Media: JP Govt Has Entered Mkt Twice to Interfere Exchange Mkt
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Japanese government admitted that the authorities entered the market on 29 April and 2 May respectively to boost JPY's exchange rate, according to TV Tokyo. On 29 April, USD/ JPY fell to 160, being a 34-year low, according to the report. By the morning of 2 May, USD/ JPY rose sharply from its low. The market speculated that the Japanese government had entered the market twice to buy JPY, with a scale of JPY8 trillion. AAStocks Financial News |
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