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Did Japan Intervene in the FX Market on May 1st? Insights from BOJ Accounts
The headlines as and when it happened: USD/JPY slammed lower USD/JPY is cratering, drops under 155.00 in super-thin intervention trade The projections are from Reuters with Bloomberg calculating that the BOJ might have spent about ¥3.5 trillion instead. The BOJ’s projected accounts for Tuesday shows a net receipt of ¥4.36 trillion in funds. And if…