The highest exchange rate will be determined based on data from financial news sources such as Bloomberg or Reuters.

Japan Intervenes in Forex Market as Yen Moves from 161 to 157 Against Dollar

Jul 11, 2024, 01:55 PM

Japan intervened in the foreign exchange market, as reported by TV Asahi citing government sources. The intervention by the government and the Bank of Japan (BOJ) was aimed at influencing the USD/JPY exchange rate, which saw the yen move from 161 yen to 157 yen against the dollar following the release of U.S. CPI data. This action marks a significant step by Japanese authorities to stabilize the yen.