Japan Intervenes in Currency Markets to Support Yen Amid Weakness
Japan's yen surged by as much as 3% on Thursday, the most in a day in over three years, following reports of official intervention by the Japanese government and the Bank of Japan to support the currency. The move comes as the yen had reached its weakest level since July 2024, with the dollar falling to 156.665 yen, marking its largest one-day drop since December 2022.
Topics: currency intervention economic policy foreign exchange Japan yen