Gabriel K@gabriel_k

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Japan foreign exchange reserves drop

Between July 30 and August 26, Japan utilized ¥15.4 trillion to support the yen, a move that drained $79.6 billion from reserves in August. The total value of Japan's foreign exchange reserves fell to $1.2 trillion, representing the largest monthly decrease recorded since the year 2000. A portion of the funds was used for intervention purposes.

1w

Gabriel K@gabriel_k

Folgen

Japan foreign exchange reserves drop

Between July 30 and August 26, Japan utilized ¥15.4 trillion to support the yen, a move that drained $79.6 billion from reserves in August. The total value of Japan's foreign exchange reserves fell to $1.2 trillion, representing the largest monthly decrease recorded since the year 2000. A portion of the funds was used for intervention purposes.

1w