Japan may have intervened in FX market by spending $36.58 billion to buy yen

TOKYO, Aug 3 : Japan may have spent as much as $36.58 billion to buy yen in the latest action aimed at strengthening the local currency, central bank data indicated on Monday, continuing an effort to bring the yen's value back from historic lows against the U.S. dollar.The Bank of Japan's projection for money market conditions for the following day points to a 11.4 trillion yen net fund outflow, compared with brokerage forecasts of 5.66 trillion yen to 6.70 trillion yen.Outsized outflows are typically interpreted as correlating with the size of any intervention.Japan and the U.S. have conducted coordinated yen-buying intervention and will not hesitate to take further action, Japan's finance ministry said on Monday, confirming rare bilateral action to halt the yen's slide to 40-year lows. B