Daily Market Updates: Japan spent a record $98.7 billion to support the yen with the U.S.

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Japan spent a record $98.7 billion to support the yen with the U.S.

The operation, backed by Treasury Secretary Scott Bessent, is now documented by Japanese government data as reaching a record scale.

Reported · Written up by our desk · Central Banks

The Wall Street Journal reports that Japan used a record 98.7 billion dollars to prop up the yen in a joint operation with the United States.

According to data released by the Japanese government, the move reached a historic scale, with the WSJ noting it was supported by U.S. Treasury Secretary Scott Bessent.

The report says the figures confirm for the first time the size of the intervention.

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Sources

WSJ MarketsJapan Spent Record $98.7 Billion to Prop Up Yen in Joint Move With U.S.

Forex

Japan spent a record $98.7 billion to support the yen with the U.S.

More like this

Sources

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