TOKYO: Japan ese officials may have spent some 5.5 trillion yen supporting the currency on Monday, Bank of Japan data suggested on Tuesday , after it hit fresh 34-year lows
Currency trades take two days to settle, so if there was large-scale intervention it would be expected to show up in money markets on Wednesday. The yen slid sharply to 160.245 per dollar on Monday, its lowest level in more than three decades, then suddenlyJapanese officials have refrained from saying whether they intervened.
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