Following reports that Japan and US central banks intervened in September, the yen market remains locked in a battle around the ¥160 level. The interventions are reported to have totaled approximately ¥15 trillion.
As of September, reports suggest that the central banks of Japan, the United States and China continue to influence the market and affect the yen’s direction.
According to the reports, the intervention is said to have totaled approximately ¥15 trillion, heightening tensions in the foreign exchange market.
The reports suggest that coordinated intervention by the Japanese and US central banks could mark a turning point for the market, and attention is increasingly focused on developments ahead.