Market News

    Japan May foreign reserves fall by $77 billion after large interventions

     Japan's foreign reserves fell by $77 billion in May, ​government data showed on Friday, ‌as Tokyo resumed massive interventions to stem the yen's slide, fuelling market speculation ​over how far it's willing ​to draw on its $1.3 trillion ⁠war chest.
    The reserves stood at $1.306 trillion ​at the end of May, ​down from $1.383 trillion a month earlier, according to the Ministry of Finance (MOF) data.
    Source : Reuters.com