Japan FX intervention on 24 October estimated to have cost ¥700 billion to ¥900 billion


The numbers are calculated by market sources, as cited by Reuters. This just adds to the one on Friday as noted here. But if you look at where USD/JPY is trading now (near 149.00), one can easily ask what intervention? ¯_(ツ)_/¯

For some context, Japan’s FX reserves stood at about $1.23 trillion at the end of September, according to official reserves data. So, they definitely still do have plenty of ammunition left but do they really want to keep at this considering how ineffectiveness the latest attempts have been?



Source link

Related articles

Nasdaq and S&P rebounds; Dow slips

U.S. shares closed combined to begin the brand new buying and selling week, with the Nasdaq Composite and Nasdaq 100 gaining greater than 1% whereas the Dow industrial common edged decrease.After final week’s...

Former Equiti Compliance Chief Charbel Raffoul Turns into GTCFX CEO

GTCFX has appointed Charbel Raffoul as Chief Govt Officer, the corporate introduced right now. Raffoul has labored in monetary companies for almost 20 years, with expertise in compliance, monetary crime and administration.London's buying and selling trade...

Attempt Buys 1,223 Bitcoin Whereas Getting ready a $630 Million Money Elevate – Bitcoin Information

Key TakeawaysAttempt acquired an extra 1,223 BTC at $81,734 per coin, bringing its holdings to 36,818 BTC.The agency bought 4,045 BTC in 5 days final week, spending roughly $335 million.Attempt expects its $630...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com