Euro strengthens to 1.116 against the dollar
Quick Look
- The euro opens the markets at 1.116 against the dollar (+0.1%).
- The yen trades at 158.
- Tokyo's finance ministry announced that on July 30, Japan carried out its largest intervention ever to support the yen, with purchases of almost 8,000 billion yen, equal to 45.3 billion euros.
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Why It Matters
The euro opens the markets at 1.116 against the dollar (+0.1%). The yen changes hands at 158. The Ministry of Finance in Tokyo has released data according to which on July 30th Japan carried out the largest intervention ever to support the yen, with purchases of almost 8,000 billion of Japanese currency, equal to 45.3 billion euros.
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The euro strengthens as the markets open. The single European currency stands at 1.116 against the dollar (+0.1%). In Asia the yen changes hands at 158. Today the Tokyo Finance Ministry released data according to which on July 30th Japan carried out the largest intervention ever to support the yen, with purchases of almost 8,000 billion of Japanese currency, equal to 45.3 billion euros.
Open Questions
- What will be the market reactions to Japanese intervention in the coming days?
- Will the intervention have a lasting effect on the yen-dollar exchange rate?
Related Topics
This article was originally published by ANSA Economia.
