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Story summary
- The Bank of Japan’s latest yen-support operation may have cost up to 5.01 trillion yen ($32.06 billion).
- The BOJ intervened by purchasing yen, allocating the full 5.01 trillion yen.
- It projected a net outflow of 4.51 trillion yen for the next day’s money market.
- Brokerage firms had expected the outflow to range from zero to an increase of 500 billion yen.
- The yen-buying activity shows the BOJ absorbing currency from markets, indicating the intervention’s scale.
