Japan bought record 7.98 tln yen in single-day intervention to prop up currency in July: gov't data

Japan spent a record 7.98 trillion yen (about 50.4 billion U.S. dollars) on July 30 to prop up its currency in the foreign exchange market, marking the biggest single-day yen-buying intervention on record, Finance Ministry data showed Monday.

According to the ministry's data on foreign exchange intervention operations for the July-September quarter, Japan bought a total of 15.4 trillion yen in interventions conducted on July 30 and 31 and Aug. 3 to shore up the yen against the U.S. dollar.