MarketsJapan

Japan spent a record $50 billion in one day to support the yen

Japan spent a record $50 billion in a single day to prop up the yen. It also said a three-day intervention earlier in the summer lifted the currency, which matters for anyone exposed to yen exchange rates.

Illustration: At night, a rain-wet airport currency exchange counter glows in cyan and magenta, with an empty stool and a blank illuminated sign reflected on the floor.
Illustration

Japan spent a record $50 billion in a single day to support the yen. The spending was part of efforts to hold up the currency in foreign exchange markets.

Over the summer, Japan acted in the foreign exchange market on three separate occasions, the government said. Such a move, called an intervention, happens when a government buys its own currency or sells foreign currency to push the exchange rate in a chosen direction.

In numbers

$50 billionRecord single-day yen spending
3Summer interventions confirmed

The government confirmed actions that had been reported earlier. They included Tokyo's first coordinated operation with the United States to support the yen in nearly three decades.

Dollar in yen157.95down −0.16%over 1 month
158.52156.4911 Oct10 Nov

Prices can be delayed by 15 minutes or more. Past moves say nothing about future ones.

Japan also said a three-day intervention during the summer lifted the yen. The material does not give the size of the move or the exact dates of each action.

Background

A coordinated operation means two governments act together in the market. Japan had not done this with the United States for nearly three decades.

GuideFear and Greed Index today: how fearful or greedy US stock investors are

Where
Japan
Published
Section
Markets
Markets
Dollar in yen

This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake

Back to the front page

More news

Illustration: A brass opening bell with a wooden mallet resting beside it, shown up close on a lime backdrop.MarketsUS stocks climb as investors regain confidence after tech selloffUS stocks climbed as investors regained confidence after a technology selloff, and the S&P 500 erased its midterm losses. Analysts questioned whether the rally can last, which matters for anyone with money in stock funds.S&P 500down −3.30%1 monthIllustration: A crowded trading floor seen from behind, traders with raised hands facing big screens carved in emerald ink.MarketsTech stocks rebound after midterm-linked AI selloffTechnology shares fell sharply last week as worries that political opposition could derail AI data-center expansion spread, then began to recover. Bitcoin held near $75,000 while smaller cryptocurrencies suffered steeper losses.Nasdaq Compositedown −7.31%1 monthIllustration: A stamp pressing a plain sheet of paper beside a token, printed in pink and teal overlap.MarketsUS regulators open the way to onshore perpetual futures on single stocksThe CFTC says US-regulated exchanges can begin trading perpetual futures on individual stocks. Wall Street voices concern as the SEC publishes a new Kalshi filing on security futures.Illustration: A lone empty leather chair at the head of a long dark boardroom table, with a single bright pastel light falling on a closed folder in front of it.CompaniesNvidia shares slide after CEO Jensen Huang admits affairNvidia shares fell to a seven-month low after CEO Jensen Huang admitted an affair with a businesswoman linked to an alleged Chinese spy. Investors are weighing the risk to the board's succession plans at the chip giant.NVIDIAdown −21.05%1 monthIllustration: A container port seen from straight above, with rows of colorful containers, a large ship at the quay and cranes in a line.EconomyChina's trade surplus tops $1 trillion in ten monthsChina's trade surplus, the gap between what it sells abroad and what it buys, passed $1 trillion in the first ten months of the year at a record pace. Exports tied to the AI boom helped drive the gap.Illustration: A lone oil derrick silhouetted against a huge vermilion sun over flat tropical lowlands, with a closed gate standing open in the foreground.CompaniesExxonMobil moves to return to Venezuela oil talksExxonMobil has signed a memorandum of understanding and reached a preliminary deal to explore oil opportunities in Venezuela. The company had earlier called the country uninvestable, a step that shows a change in its view.ExxonMobil Holdingsdown −4.31%1 month