Japan's Ministry of Finance has released a detailed breakdown of its Q2 2024 foreign exchange intervention data, revealing significant activity in the market. The data shows that Japan conducted a record single-day yen-buying intervention on April 29, selling 5.92 trillion yen ($40.83 billion) worth of dollars, marking the largest single day on record. This intervention was part of broader efforts between April and June, during which Japan stepped into the foreign exchange market twice. The government's actions have led to a noticeable decrease in Japan's holdings of foreign securities in July, suggesting that the recent currency interventions were likely financed by selling US Treasuries.