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Japan's Forex Reserves Fall $14 Billion in April From March [Yahoo! Finance]
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Most Read from Bloomberg Americans Are Racking Up ‘Phantom Debt' That Wall Street Can't Track Microsoft's Xbox Is Planning More Cuts After Studio Closings Stormy Daniels Will Return to Court in Test of Trump's Demeanor Trump Judge Indefinitely Postpones Documents Case Trial The country's forex reserves fell to $1.14 trillion in April, according to a finance ministry report Thursday. Holdings of foreign securities dropped to $978 billion from $995 billion the previous month. The securities holdings had been expected to fall due to a decline in the market value of overseas assets including Treasuries as yields rose. The data come after Japan is suspected of intervening two times in the market to prop up the yen, with the first move coming at the very end of April. While Japanese officials have declined to confirm if they conducted intervention, a Bloomberg analysis of the central bank's current account suggests the nation probably entered the market twice last week, buyin
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