G7 Yen-Selling Intervention Tops Y2 Trillion

Yen-selling interventions conducted by the Group of Seven industrialized nations is estimated to have totaled Y2 trillion to Y2.5 trillion, the Yomiuri Shimbun reported on Sunday. The newspaper said that the European Central Bank, Bank of England and the Federal Reserve conducted yen-selling interventions in their markets after the Tokyo market closed on Friday. – iMarketNews