Japan's foreign reserves post record drop following massive yen intervention

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Japan's foreign reserves post record drop following massive yen intervention

⚡ Markets: Large-scale selling of US Treasuries by a major holder like Japan can put upward pressure on US yields. The intervention's effectiveness in strengthening the yen (JPY) remains a key focus for FX markets.USDJPYUS 10Y Treasury

Japan's foreign reserves fell by a record $87.8 billion in August, data shows, indicating that authorities likely sold a substantial amount of US Treasuries to fund interventions aimed at supporting the yen. This represents Tokyo's largest-ever monthly currency intervention.

West MSM 1Regional 12 countries

2 sources across the spectrum

West MSMReuters — Japan's August foreign reserves post largest-ever drop after record intervention

RegionalJapan Times — Japan likely sold Treasurys to fund record yen intervention

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