Japan's three interventions in the foreign exchange market during the summer support the yen

Japan has stated that it intervened in the foreign exchange market three times this summer to support the yen, including a joint action with the United States. Data released by the Japanese Ministry of Finance shows that on July 30, the amount of yen purchased reached 7.98 trillion yen (approximately 50.4 billion USD), followed by purchases of 5.55 trillion yen and 1.87 trillion yen in the following days.