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Japanese authorities spent 5.53 trillion yen, about $36.8 billion, intervening in foreign exchange markets in July to lift the yen off 38-year lows. Official data covering June 27 to July 29 was released on Wednesday.
Large yen-buying intervention strengthens the yen against the dollar, which lowers Japan's import costs in dollars but has limited direct effect on feed commodity prices.
reuters.comKevin BucklandAug 1, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
