The
central bank's projection for Friday's money market conditions
indicated a 1.09 trillion yen ($7.32 billion) net receipt of
funds, not far from the 800-900 billion net receipt of funds
estimated by brokerages, excluding intervention.
Bank transactions for currency intervention take effect two
business days later, but the hour of the yen's rebound made it
unclear whether it would show up in data for Thursday or Friday.
"It's very close to the estimates," said Norihiro Yamaguchi,
senior economist at Oxford Economics. "It's still not clear, but
I'd say there was no huge intervention."
After pushing to a nearly one-year high above 150 yen in New
York trading hours on Tuesday, the dollar suddenly tumbled
almost 3 yen, leading some to suspect that Japanese authorities
had intervened to prop up their currency.
Japanese officials have refrained from saying whether they did
or did not intervene.
($1 = 149.0000 yen)
(Reporting by Kevin Buckland; editing by Christina Fincher)
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