ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Japan stages new forex intervention to stop falling yen

Japanese currency bounces back sharply against dollar

The yen took currency traders on a rollercoaster ride during Japan's latest foreign-exchange intervention.  (Photo by Koji Uema)

TOKYO -- Japan's government and central bank intervened in the currency market early Saturday to support a falling yen, sources told Nikkei, triggering a dramatic rebound against the dollar.

Japan's currency surged about 7 yen in an hour during New York trading to touch the 144 yen level.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more