Japanese Finance Ministry (Ministry of Finance) Monday (8 November) announced that Japan's foreign exchange reserves at the end of October rose to 1.12 trillion U.S. dollars in record high.
Japan's Finance Ministry said earlier, the Japanese authorities in September 29 to October 27 during the day to conduct foreign exchange intervention is not the only one intervention in currency markets in September 15, dished out a 2.1249 trillion yen (26.14 billion U.S. dollars ), the largest ever buy one U.S. dollar.
According to data released by the Ministry of Finance, Japan, the total foreign exchange reserves by the end of October was $ 1,118,121,000,000, up 8.53 billion U.S. dollars last month compared to same period last year $ 61,352,000,000. And in September, October the two months, Japan's foreign exchange reserves increased to 47.976 billion U.S. dollars, the amount for the year increased 78.2%.
Japan's Finance Ministry data released on the 8th, the Japanese government intervention in currency markets in September only once, the end of September on the Japanese government secretly intervened in currency markets has also speculation.
According to the data, in the Sept. 15 from 6 years on the foreign exchange market intervention since the first operation, the Japanese Ministry of Finance sold a total of 2.125 trillion yen, in order to curb that threatened the fragile economic recovery in the Japanese yen strength.
Following the September 15 U.S. dollar against the yen earlier fell to a 15-year low of 82.87, the Japanese Finance Ministry has taken this action, and to boost the U.S. dollar against the yen before the end of the day trading up about 3 yen.
Japanese Finance Ministry official said Sept. 15 is the history of intervention to buy dollars, selling yen, the largest one.
8, published data show that the Japanese government in September 24th did not intervene in currency markets again. Day, the U.S. dollar against the yen in a very short period of time rose 1 yen to 85.4 yen, the Japanese government were not released after the intervention in the previous statement.
Fed doubt, the Japanese government may sometimes intervene in currency markets to take secret strategy to maximize the impact of the official selling the yen.
Since then the U.S. dollar fell against the yen to 80.21 yen, near a record low of 79.75 yen, the market the main points that the Japanese government since September 15 would not intervene in currency markets since.
Although the U.S. dollar against the yen in the Tokyo foreign exchange market on Nov. 1 rose more than 1 yen, many traders attributed to technical failure or this transaction failure, rather than the Japanese government intervention.
8:36 GMT, the dollar against the yen, 81.21.
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