BOJ Intervenes in The FX Market for The Second Time in as Much Weeks

 

• The Bank of Jamaica yesterday intervened in the foreign exchange market selling US$20Mn to authorized dealers and large cambios through its B-FXITT flash sale tool.
• The central bank noted that this move was warranted to address temporary demand and supply imbalances in the foreign exchange market.
• Last week the BOJ also intervened with a US$30Mn injection into the FX market under similar circumstances.

(Source: Bank of Jamaica)