Japan Intervenes in Foreign Exchange Market

BlockBeats News, April 30th, according to the Nikkei Asian Review, the Japanese government and the Bank of Japan intervened in the foreign exchange market on April 30th by buying yen and selling dollars.

On that day, the yen to dollar exchange rate once fell to above 160, hitting a new 19-month low, and then rebounded to above 155. A government official confirmed this intervention to the Nikkei Asian Review.