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Japan stepped in to buy one-day record 7.98 tril. yen in July: gov't data

TOKYO (Kyodo) -- Japan bought a record 7.98 trillion yen ($50.4 billion) on July 30 to support its currency in the foreign exchange market, according

  • Japan bought 7.98 trillion yen in a single day on July 30, setting a record.
  • This was the largest foreign exchange intervention ever recorded by Japan.
  • Japan collaborated with the U.S. on July 31 for the first joint intervention in 28 years.

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