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Japan and South Korea Intervene in Forex Markets to Support Currencies
Japan intervened in the foreign exchange market to strengthen the yen ahead of a Bank of Japan policy decision, while South Korea also conducted a rare dollar-selling intervention. These actions were taken to prop up their respective currencies against the dollar.
31 Jul, 01:29 — 31 Jul, 02:36
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (32/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 2/5 buckets covered8/33
Far L
Left
Center1
Center (1)
bloomberg
Right1
Right (1)
channel-news-asia
Far R
Geographic diversity— 2 regions9/34
US1Singapore1
ℹOnly 2 sources cover this story
Sources
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bloombergHigh1h ago
Japan Preempts Market With Yen Intervention
Japan intervened in the currency market to bolster the yen, which sharply advanced as much as 3.3% versus the dollar in New York trading on Thursday. Bloomberg's Shery Ahn breaks down the developments. (Source: Bloomberg)
Read full article →channel-news-asiaMostly Factual2h ago
Japan intervenes to prop up yen ahead of BOJ policy decision, source says
Read full article →Coverage Timeline
First report: channel-news-asia · 31 Jul, 01:29|Full coverage: 2 · 1h|Window: 1h
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