Three-day yen interventions count as single operation

10 articles · Updated · Bloomberg · May 4

A Japanese Finance Ministry official said on Monday the IMF treats intervention across three consecutive business days as one episode.
The clarification came as traders watched for further yen-buying moves after the currency rose for a third straight day following a reported intervention on Thursday.
The remarks address how any multi-day action would be recorded officially amid persistent market speculation over whether Japan is supporting the yen.

With reserves being spent, what is Japan's ultimate strategy for long-term yen stability?

Is Japan's multi-billion dollar intervention a futile fight against powerful market fundamentals?