Japan Intervenes with $34.5 Billion to Support Yen
Japan intervened in foreign-exchange markets with approximately $34.5 billion to support the yen, marking its first such action since 2024. The intervention caused the yen to rally by about 2% in a single day, though traders warn that without further action, the gains may not be sustained. The move was reportedly communicated to U.S. economic officials beforehand.
Topics: currency intervention economic policy foreign exchange Japan yen