South Korea Warns Weak Won Could Push Inflation Higher in 2025 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
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U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Japan's Currency Intervention Efforts
In July 2024, Japan's Ministry of Finance (MOF) reported significant currency interventions to address the volatility of the yen. On July 11, Japan spent 3.168 trillion yen ($20.69 billion) in a dollar-selling effort, followed by an additional 2.367 trillion yen ($15.42 billion) on July 12. These actions were part of a larger 5.53 trillion yen intervention, spanning from June 27 to July 29.
Impact on the Yen Exchange Rate
The currency interventions had an immediate effect on the yen’s exchange rate. Over these two days, the yen appreciated sharply, strengthening from a low of 161.76 yen per dollar to 157.30 yen per dollar. This substantial movement highlighted the scale of Japan’s efforts to curb excessive depreciation of its currency.
Japan's Strategy and Goals
The interventions were part of Japan's ongoing strategy to stabilize the yen amidst global market fluctuations. By selling dollars and purchasing yen, Japan aims to mitigate the negative impacts of yen weakness on its economy and prevent further speculative trading pressures.
