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BOJ injects US$90 million into forex market this week

 
The Bank of Jamaica pumped another US$30 million in the foreign exchange market on Friday in order to help stabilise the dollar and contain inflation.
 
This marks the third straight day of intervention in the foreign exchange market, bringing the total to US$90 million for this week. 
 
This follows Thursday's intervention of $30 million, for which 46 bids valued at US$73.1 million were submitted. 
 
The BOJ accepted only 20 bids for the $30 million it pumped in the market.


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