The Bank Of Japan Intervened In &Nbsp; The Dollar Index Rose 1.93% On Monday.

On Monday morning, Beijing time, on Monday, the Bank of Japan confirmed that a group of Japanese yen had been sold through the foreign exchange market to curb the further rise of the yen exchange rate.

The US dollar and the euro have all soared against the yen, and the US dollar has been mixed against many other major currencies.

At the close of New York's foreign exchange market, the US dollar index, which tracks six major currencies, rose by 1.93% at 76.53 points.

The US dollar rose 3.36% to the yen, to 78.19 yen.

The US dollar JPY hit 79.53 yen on Monday, the highest level in the three month period of the US dollar to yen exchange rate.

In August, the Bank of Japan was the last time to intervene in the foreign exchange market. So far this year, the Bank of Japan has implemented monetary intervention for the three time.

The euro also rose 1.14% against the yen Monday, to 108.20 yen; the euro fell 2.15% against the dollar, closing at $1.3839.

Japan's finance minister, Jun Jin, warned the Japanese government would take resolute measures to stop the yen's further appreciation when it came to a new low after World War II on Monday against the yen.

He later confirmed that the Bank of Japan had intervened in accordance with the request of the Ministry of finance, but did not specify the size of the yen sold by the central bank.

Michael Turner, a RBC capital market analyst, pointed out in a report on Monday that "the scale must be very large. This is definitely the only thing that can be used to describe this action" in the Michael Turner.

According to our news, this intervention must have exceeded the investment in the last action. "

He said, "I think Japan's statement and threats will continue, but the official terms have not changed much compared to last week."

Simon Derek, a currency strategist at Mellon bank in New York, pointed out that according to the general estimate of the market, the intervention of the Central Bank of Japan could have invested more than 130 billion US dollars (10 trillion and 300 billion yen); in August 4th, the Japanese Central Bank invested only $57 billion 100 million in the market operation of the Central Bank of Japan in August 4th.

And when Japanese officials sell yen, the dollar is usually reinvested in US Treasury bonds, which has led to a rise in US Treasury bond prices on Monday.

The actions of the Bank of Japan also led to a full rise in the US dollar against a wide range of major currencies.

Including the intervention of the Swiss central bank against the exchange rate of the Swiss franc, major central banks' attempts to manipulate the currency market usually result in a rise in the US dollar exchange rate.

Stephen Gallo, head of Schneider's foreign exchange market analysis, believes that the reason why the US dollar is stronger is that the flow of hedge funds is selected from the intervening currency to the next level, and is usually the highest liquidity option, that is, the US dollar. "Gallo"

In October, the US dollar rose to 1.3% against the yen, the biggest monthly gain since March. It is also the time taken by the Bank of Japan and several central banks to combat the yen's rise due to the great earthquake and tsunami.

The euro exchange rate was mainly driven by the announcement of last week's regional debt crisis solution, which made the euro exchange rate rise to 3.8% against the US dollar in October, the best performance in six months.

But the lack of details of the debt crisis solution has also led investors to doubt whether the debt problem will be stopped by other countries beset by debt problems, including Italy and Spain.

The US dollar index has fallen 2.9% since October, the worst month since April, and a 3.4% decline since 2011.

The continuing pressure on the US dollar this year has come from the new stimulus measures that the Fed may take, and more such measures also mean a further fall in the value of the US dollar.

The Fed will end its latest interest rate decision meeting on Wednesday, and the market is generally waiting for new immediate actions to be disclosed.

In other currencies, the pound fell 0.23% against the dollar on Monday to $1.6090. Since October, the pound has risen by 3.4% against the dollar.