The government and the Bank of Japan conducted ¥7.9756 trillion of dollar-selling, yen-buying intervention on 30 July, setting a new daily record. The amounts of intervention on 31 July and 3 August were also disclosed.
The government and the Bank of Japan conducted ¥7.9756 trillion of dollar-selling, yen-buying intervention on 30 July, the largest amount ever recorded for a single day. The previous daily record was ¥6.2787 trillion on 30 April.
It was also disclosed that ¥5.5523 trillion of dollar-selling, yen-buying intervention was conducted on 31 July and ¥1.8714 trillion on 3 August. The total amount of intervention therefore attracted attention as part of the monthly July figures.
As the yen approached historically weak levels of around ¥164 per dollar, the government and the Bank of Japan jointly conducted yen-buying intervention in both countries on 31 July Eastern Time.