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Japan's April Yen Intervention Sets Daily Record as Currency Pressure Persists

The move was the first joint yen-buying operation since 1998 and used euro sales to help lift the currency from near four-decade lows.

Summary by Reuters
Japanese authorities conducted a record single-day yen-buying intervention in ‌foreign exchange markets in April, selling $40 billion of the country's currency reserves, as they resumed massive yen-buying operations to stem the yen's slide.
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The United States, together with Japan, tried to stop the sharp decline of the yen last week. In an unusual intervention, Washington did not sell dollars, but euros. It did not inform the European Central Bank about the operation until after it was carried out. Some European central bankers consider this a violation of long-standing customs among Western monetary authorities.

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  • 45% of the sources lean Left
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Bloomberg broke the news in New York, United States on Thursday, August 6, 2026.
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