Japan's Ministry of Finance announced on the 7th the exchange rate intervention from April to June this year. Japan implemented a total of 3 yen exchange rate interventions in the second quarter. The scale exceeded 11 trillion yen, but it failed to reverse the depreciation trend of the yen. According to the data, the Japanese government and central bank carried out operations to buy yen and sell dollars on April 30, May 4, and May 6, with a cumulative intervention scale of 11.73 trillion yen. Among them, the scale of intervention in a single day reached 6.28 trillion yen on April 30, surpassing the record of 5.92 trillion yen set on April 29, 2024, and setting a new high level of exchange rate intervention in a single day since statistics were available in Japan. Before the above intervention measures were implemented, the exchange rate of the yen against the US dollar once fell to the 160 yen range for 1 US dollar. The yen exchange rate rebounded for a while after the intervention, but the rise did not continue. At the end of July, the yen exchange rate was once close to 164 yen per dollar. Analysts generally believe that without changing fundamentals, it is difficult to reverse the yen's decline with exchange rate intervention alone.

Japan's Ministry of Finance announced on the 7th the exchange rate intervention from April to June this year. Japan implemented a total of 3 yen exchange rate interventions in the second quarter. The scale exceeded 11 trillion yen, but it failed to reverse the depreciation trend of the yen. According to the data, the Japanese government and central bank carried out operations to buy yen and sell dollars on April 30, May 4, and May 6, with a cumulative intervention scale of 11.73 trillion yen. Among them, the scale of intervention in a single day reached 6.28 trillion yen on April 30, surpassing the record of 5.92 trillion yen set on April 29, 2024, and setting a new high level of exchange rate intervention in a single day since statistics were available in Japan. Before the above intervention measures were implemented, the exchange rate of the yen against the US dollar once fell to the 160 yen range for 1 US dollar. The yen exchange rate rebounded for a while after the intervention, but the rise did not continue. At the end of July, the yen exchange rate was once close to 164 yen per dollar. Analysts generally believe that without changing fundamentals, it is difficult to reverse the yen's decline with exchange rate intervention alone.