The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
On April 30, a Nikkei report indicated that the Japanese Ministry of Finance intervened in the FX market to buy the yen after it breached 160 per dollar. Finance Minister Katayama issued a warning following this drop, signaling decisive steps to support the currency. The Bank of Japan also held rates at 0.75% with a split vote and hawkish signals in the quarterly outlook report.