USD/JPY briefly reaches around 159.70, bought steadily: London FX

In the London foreign exchange market, USD/JPY briefly rose to around 159.70. The pair continued to be bought steadily even after the Ministry of Finance published the largest intervention amount on record.

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The story

USD/JPY remained firm in the London morning session, extending its recent high to around 159.70.

The Ministry of Finance announced that the foreign exchange intervention amount for the period from 30 July to 26 August was ¥15.3993 trillion. Coordinated intervention by Japan and the United States has been carried out. The New York Fed publishes US intervention figures quarterly, while the figures for July to September are expected to be disclosed in November.

USD/JPY showed no particular reaction after the announcement and continued to be bought steadily. Current market levels are USD/JPY at 159.68, EUR/JPY at 185.88 and EUR/USD at 1.1641.

At a glance

InterventionIntervention amount of ¥15.3993 trillion from 30 July to 26 August

LevelUSD/JPY rises to around 159.70

OrganizationMinistry of Finance publishes intervention figures

Current priceUSD/JPY 159.68、EUR/JPY 185.88、EUR/USD 1.1641

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