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Japan rigs FX market for first time in two years to boost yen, sources tell Reuters
By Leika Kihara and Tamiyuki Kihara
Reuters
Thursday, April 30, 2026
Japan intervened to prop up the yen against the U.S. dollar today, its first official currency action in nearly two years, two sources familiar with the matter told Reuters, sending the Japanese unit currency higher by as much as 3%.
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The sources, one government and another a market source, spoke on condition of anonymity as they were not authorized to speak to the media.
The dollar initially fell to 155.5 yen after the move, its lowest since March 2. It was last down 2.5% at 156.355 yen , on track for its largest single-day drop since December 2022. ...
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