The central bank will conduct a reverse repurchase operation of 500 billion yuan on August 5, amid tense international situations

According to Jinshi reports, the central bank announced that it will conduct a 500 billion yuan reverse repurchase operation on August 5, with a term of 3 months. Meanwhile, in international news, data from the Bank of Japan indicates that Japan may not have intervened in the foreign exchange market on Monday.

U.S. Treasury Secretary Yellen stated that the U.S. will take all necessary measures to support the yen and mentioned that a deal with Iran might be reached tomorrow to open the Strait of Hormuz.