The yen weakened in the foreign exchange market, with the dollar reaching the ¥159 level. Market participants are closely watching the impact of the recent coordinated Japan-US intervention.
The yen weakened in the foreign exchange market, with the dollar reaching the ¥159 level.
After surging to a level close to ¥164 on the 30th, Japan and the United States jointly conducted yen-buying intervention on the 31st. On the 3rd of this month, the dollar rose to the low ¥155s for the first time in approximately two and a half months.
The yen's weakening trend continued thereafter, and the dollar has just reached the ¥159 level.
Market estimates indicate that the government and the Bank of Japan may have conducted intermittent yen-buying intervention totaling approximately ¥11 trillion to ¥14 trillion from the 30th of last month through the 1st of this month.