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Yen strengthens sharply against the US dollar

Yen strengthens sharply against the US dollar
Channel News Asia Thursday 30 July 2026, 14:12 UTC 1 min read
Key Points

Yen strengthens sharply against the US dollar NEW YORK, July 30 : The yen rose sharply on Thursday as traders remained on alert for possible intervention by Japanese authorities to prop up the battered currency. Against the yen the dollar was 2 per cent lower at 160.10 yen. Markets have been on alert for yen-buying by Japanese authorities, who have warned of action for months as currency weakness exacerbates the cost-of-living impact of rocketing energy import prices.

Yen strengthens sharply against the US dollar NEW YORK, July 30 : The yen rose sharply on Thursday as traders remained on alert for possible intervention by Japanese authorities to prop up the battered currency. Against the yen the dollar was 2 per cent lower at 160.10 yen. Markets have been on alert for yen-buying by Japanese authorities, who have warned of action for months as currency weakness exacerbates the cost-of-living impact of rocketing energy import prices. The Japanese finance ministry’s foreign exchange division could not be reached immediately for comment.
Yen (PERSON) US (LOCATION) NEW YORK (LOCATION) Japanese (ORG)
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