30.07.2026, 21:20
Japanese authorities once again came to the rescue of the yen
Source: OREANDA-NEWS
OREANDA-NEWS The rise of the yen, which has regained three months of decline against the dollar in one day, probably indicates that the Japanese authorities have once again come to the rescue of the national currency and intervened in the foreign exchange market. This is reported by Bloomberg.
The continued depreciation of the national currency, which reached almost 163.5 yen per dollar, was replaced by a sharp increase on Thursday. The exchange rate fell below 158 yen, by more than 3 percent, and by the time of writing it had adjusted to 159.8, adding 2.2 percent.
According to the agency's interlocutors, such exchange rate dynamics "demonstrates classic signs of intervention."
In May, the Japanese authorities spent $ 73.6 billion on maintaining the yen, but it did not bring much success, and the exchange rate began to update 40-year lows. It seems to be affected primarily by the consequences of the Iranian conflict, as well as the structural problems of the Japanese economy, including aging and population decline, leading to a weakening of economic growth prospects and an increase in government debt.
In June, after the dollar became more expensive than 160 yen, Japanese Finance Minister Satsuki Katayama held talks with his American counterpart Scott Bessent. Some analysts believe that the ministers could discuss the possibility of the Japanese side conducting another currency intervention in support of the yen.
The continued depreciation of the national currency, which reached almost 163.5 yen per dollar, was replaced by a sharp increase on Thursday. The exchange rate fell below 158 yen, by more than 3 percent, and by the time of writing it had adjusted to 159.8, adding 2.2 percent.
According to the agency's interlocutors, such exchange rate dynamics "demonstrates classic signs of intervention."
In May, the Japanese authorities spent $ 73.6 billion on maintaining the yen, but it did not bring much success, and the exchange rate began to update 40-year lows. It seems to be affected primarily by the consequences of the Iranian conflict, as well as the structural problems of the Japanese economy, including aging and population decline, leading to a weakening of economic growth prospects and an increase in government debt.
In June, after the dollar became more expensive than 160 yen, Japanese Finance Minister Satsuki Katayama held talks with his American counterpart Scott Bessent. Some analysts believe that the ministers could discuss the possibility of the Japanese side conducting another currency intervention in support of the yen.
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