Japan allocated 3.168 trillion yen (about $20.7 billion) for currency intervention on July 11, followed by an additional 2.367 trillion yen on July 12, as detailed in quarterly data from the Ministry of Finance (MOF) released on Friday.
This breakdown is part of the larger 5.53 trillion yen intervention conducted from June 27 to July 29, aimed at stabilizing the yen during a period of heightened volatility.
In those two July days, the yen’s value surged, reaching 157.30 to the dollar after dipping to a low of 161.76.
(Exchange rate: $1 = 153.13 yen)
