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Will the Bank of Japan intervene in the Forex market again by the end of 2024?
3
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Yes • 50%
No • 50%
Intervention will be confirmed by official announcements from the Bank of Japan or credible financial news sources.
Story
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.
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$10 billion to $20 billion • 25%
$20 billion to $30 billion • 25%
Above $30 billion • 25%
Yes • 50%
No • 50%
