Yen jumps 2% amid intervention suspicions
The yen jumped 2% against the dollar on Thursday, reaching 160.20 per dollar at 1355 GMT and prompting suspicions that the Bank of Japan had intervened to support the currency.
The move came after the Japanese currency hit a 40-year low against the dollar last week amid expectations of a widening gap between US and Japanese interest rates.
Update
The yen rose 2% to 160.20 per dollar at 1355 GMT.
The yen had hit a 40-year low against the dollar last week.
The earlier low was linked to expectations of a widening gap between US and Japanese interest rates.
Source note: AFP news report published on 30 July 2026 at 14:11:51 UTC.
Uncertainty notes
Whether the Bank of Japan intervened to support the yen is unconfirmed.
The immediate reason for Thursday’s currency move was not apparent.
Source
AFP news report published on .