US dollar weakens sharply against the Japanese yen after market interventions
The U.S. dollar weakened significantly against the Japanese yen following a coordinated market intervention by U.S. and Japanese officials. The move aims to stabilize the yen, which had reached 40-year lows, causing economic strain in Japan due to high import costs.
Why it matters
Currency fluctuations and central bank interventions have major implications for global trade, tourism, and the cost of living in import-dependent nations.
US dollar weakens sharply against the Japanese yen after market interventions Mayuko Ono And Elaine Kurtenbach Mon, August 3, 2026 at 8:29 a.m. EDT 5 min read DX-Y.NYB +0.06% JPY=X +0.11% CL=F +0.51% TOKYO (AP) — The U.S. dollar weakened sharply Monday against the Japanese yen after U.S. President Donald Trump and Japan's finance minister confirmed both sides had intervened in markets.
Before late last week, the dollar was trading above 163 yen, touching 40-year highs. After regulators were suspected of stepping in, it fell below 160 yen.
Early Monday, after the official announcement of the intervention, the dollar fell to nearly 155.20 yen. That's a big drop for the exchange rate. The dollar was trading at 156.70 yen early Monday Eastern time.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in