On Borrowed Time: The US–Japan Yen Intervention
Category: FX & Rates Research
Published:
Japan and the United States bought yen together for the first time since 1998 — an estimated $52.8 billion from Tokyo on July 30, Washington following a day later. USD/JPY came back from a 40-year low in four sessions. Japan's debt load, energy deficit and rate gap did not move at all.
Read the full Icarus Asia research note at https://icarusasia.com/research/us-japan-yen-intervention.
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By Icarus Asia — independent strategic advisory and market research on Asian markets.