Bank of Japan intervened in the market with about ¥3.5 trillion or $22.5 billion. 🇯🇵💹
The Bank of Japan has carried out a 3.5 trillion yen ($ 22.5 billion) intervention in the markets. According to Bloomberg's BOJ current account data, this intervention exceeded broker forecasts. This intervention, which was carried out for the second time this week, caused a 3% appreciation of the Japanese yen against the dollar and the dollar/yen parity tested the 153 level. However, investors prefer to remain cautious, noting that the 152 level has not been broken. Shoki Omori, Strategist at Mizuho Securities, emphasized this cautious approach when evaluating the intervention. This latest intervention of the Bank of Japan in the markets has led to the appreciation of the yen and its strengthening against the dollar. These developments once again highlight the influence of Japan's economic policies and the central bank on the markets.
