There is evidence of exchange intervention!
There is evidence that the intervention was carried out 🔍
Based on the current account balance forecast for the 16th announced by the Bank of Japan on 7/12, there are widespread observations in the market that yen buying intervention on a scale of 3 trillion to 4 trillion yen was carried out on the night of the 11th.
According to the Bank of Japan's forecast, the amount of decline due to “fiscal factors” reflecting exchange intervention is 3 trillion170 billion yen, and there is a difference of about 3-4 trillion yen in this figure compared to prior market estimates that do not anticipate intervention.
Here's why the dollar still hasn't stopped! It's very easy to understand!
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