Japan carries out yen-buying intervention as US executes rate check
Actions help push Japanese currency into 157 range against dollar at one point
The U.S. and Japan appear to have worked together to stem the yen's slide against the dollar. (Photo by Akira Kodaka)
AKIRA YAMASHITA and YOSHIKAZU IMAHORI
July 31, 2026 05:44 JST
Updated on July 31, 2026 07:22 JST
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LONDON/NEW YORK -- The Japanese government intervened in foreign-exchange markets to buy yen and sell dollars on Thursday, while U.S. authorities executed a rate check, a move often seen as a precursor to intervention, according to market participants.
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