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Japan's July yen-buying intervention sets fresh daily record

By Reuters News4 hours ago Updated

TOKYO, Nov 9 (Reuters) - Japanese authorities conducted a record single-day yen-buying intervention in foreign exchange markets in July, selling $50 billion worth of dollars to stem the currency's slide.

Quarterly data from the Ministry of Finance (MOF) released on Monday showed Japan intervened on three days from July 30 through August 3.

The largest operation amounted to 7.98 trillion yen ($50.36 billion) on July 30, surpassing the previous single-day record of 6.28 trillion yen spent on April 30, according to MOF data dating back to 1991.

($1 = 158.4500 yen)

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