Japan's April yen intervention set daily record, with potential spending of up to US$58.97 billion

Published Aug 7, 03:53 AM UTC

Japan's yen intervention in April set a daily record, with the government potentially spending up to US$58.97 billion on July 30 and US$36.58 billion the following day to support the currency. The intervention temporarily lifted the yen from a near two-year low of 160.725 per dollar to around 155 by May 6, but did not reverse the currency's broader downward trend. The article, published by The Business Times on August 7, 2026, highlights the ongoing pressure on the yen despite record intervention efforts.