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Japan conducts massive yen-buying intervention, Nikkei reports
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Japan conducts massive yen-buying intervention, Nikkei reports TOKYO, July 31 : Japan conducted massive yen-buying, dollar-selling market intervention in New York markets on Thursday, the Nikkei newspaper reported, citing market sources. U.S. authorities also conducted so-called "rate checks," which are precursors for currency intervention, a sign Tokyo and Washington were working together to prevent yen declines, the paper said on Friday.
Japan conducts massive yen-buying intervention, Nikkei reports
TOKYO, July 31 : Japan conducted massive yen-buying, dollar-selling market intervention in New York markets on Thursday, the Nikkei newspaper reported, citing market sources.
U.S. authorities also conducted so-called "rate checks," which are precursors for currency intervention, a sign Tokyo and Washington were working together to prevent yen declines, the paper said on Friday.
Source: Reuters