Japan's Ministry of Finance reportedly intervened in the foreign exchange market multiple times during the "Golden Week" holiday in early May. These actions, following a significant intervention on April 30th, are believed to have cost up to 5 trillion yen (approximately $32 billion). The interventions aimed to capitalize on lower market liquidity during the holiday period. AI
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RANK_REASON Significant intervention in foreign exchange markets by a national government. [lever_c_demoted from significant: ic=1 ai=0.0]