TOKYO, Aug 4 (Reuters) – Japan may not have intervened in the currency market on Monday, \u200ccentral bank data indicated, despite a sudden \u200csurge in the yen that led traders to anticipate a \u200bthird straight day of intervention. <\/p>\n
The Bank of Japan’s projection for money market conditions for Wednesday points to a shortfall of 3.38 trillion yen ($21.43 billion) versus brokerage \u200cforecasts of a \u2060shortfall of between 2.32 trillion and 2.6 trillion. <\/p>\n
Tuesday’s data did not indicate a \u2060large outflow in the central bank’s current account balances. Outsized outflows are typically interpreted as correlating with \u200bthe size \u200bof any intervention. <\/p>\n
The yen \u200bsuddenly leapt in the \u200cAsian morning on Monday to hit 155.20 per dollar, its strongest in about three months, as traders kept on alert for further intervention by authorities. <\/p>\n
The yen’s jump came after Japan’s finance ministry confirmed \u200cit had engaged in joint \u200byen-buying intervention with the United \u200bStates on Friday. <\/p>\n
On \u200bMonday, Bank of Japan data showed \u200cTokyo may have spent as \u200bmuch as $36.58 \u200bbillion to buy yen to strengthen the currency. <\/p>\n
Friday’s joint intervention followed Tokyo’s solo intervention worth up \u200bto $.58.97 billion \u200cin New York markets a day earlier. <\/p>\n
($1 = 157.8500 \u200byen) <\/p>\n
(Reporting by Junko Fujita and Satoshi Sugiyama; \u200bEditing by Clarence Fernandez) <\/p>\n","protected":false},"excerpt":{"rendered":"TOKYO, Aug 4 (Reuters) – Japan may not have intervened in the currency market on Monday, \u200ccentral bank…\n","protected":false},"author":2,"featured_media":68801,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1300,4257,11921,8],"class_list":["post-68800","post","type-post","status-publish","format-standard","has-post-thumbnail","category-japan","tag-bank-of-japan","tag-currency-market","tag-intervention","tag-japan"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/68800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/comments?post=68800"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/68800\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media\/68801"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media?parent=68800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/categories?post=68800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/tags?post=68800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}