Japan spent $59B defending the yen in a single day. Here's what the FIMA repo facility is and why Tokyo's currency playbook matters for markets.

TOKYO, July 31 : Japan may have sold as much as $58.97 billion in its latest efforts to bolster its currency, central bank data indicated on Friday, signalling repeated efforts to…

TOKYO, July 31 : Japan may have sold as much as $58.97 billion in its latest efforts to bolster its currency, central bank data indicated on Friday, signalling repeated efforts to…

Possible purchase follows $73bn yen total in April-May

Japan's finance ministry confirmed that Tokyo and Washington jointly intervened in currency markets to support the yen for the first time since 2011. The coordinated move…

The second day of buying came on top of the U.S. selling euros for yen

..."they're gonna need a bigger boat..."