The Japanese yen suddenly strengthened, and the market is wary of another intervention by the Japanese government in the foreign exchange market.
2026-07-31 17:19:01
According to CoinMeta, on Friday, the Japanese yen suddenly strengthened again, leading to speculation in the market that the Japanese government might intervene in the foreign exchange market once more. A day prior, Japanese authorities had just entered the market to support the continuously weak yen. A market source stated that Japan conducted a foreign exchange intervention on Thursday during New York trading hours, buying yen and selling dollars, which was the first such action by Japan in three months. On Friday, the dollar tumbled against the yen by about 150 points to 158.53. However, it is still unclear as to the specific reasons behind this market movement, nor can it be confirmed whether Japanese authorities intervened in the market again. The Japanese Ministry of Finance, which is responsible for guiding such interventions, has not yet responded.
Source:Jin10 Data
This content is for market information only and does not constitute investment advice.
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