Japan intervened in the currency market on Thursday to buy yen for the first time since 1998, in attempt to shore up the hard-hit currency after the Bank of Japan stuck with ultra-low rates.

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Japan’s yen surges after sinking to lowest level against dollar since 1990. Japanese currency sinks to 160.17 per dollar before rising to 155.01 amid speculation of intervention by authorities.

Data from Japan's Ministry of Finance on Friday confirmed the country's first currency intervention since 2022, after the yen plunged to a 34-year-low in April. The ministry on Friday stated Japan ...

Japan and South Korea have agreed to reestablish currency exchanges in an apparent reconciliation after the pact was scrapped eight years ago amid unresolved political tensions and territorial ...

The Japanese yen is hovering near three-month lows against the U.S. dollar, after hitting 153.18 late Wednesday. In the past, weakness in the Japanese currency has been attributed to the ...

The dollar rose to a new one-year high against the Japanese currency, climbing as far as 151.91 yen for the first time since October last year. Finance ministry officials in Tokyo in recent days ...

The U.S. isn’t usually thrilled when a country intervenes in its own currency. But boosting the yen is likely to help Japan’s economy, which could help the U.S. in turn.

Now, though, just as Japan’s stock market is entering a new era of strength, its currency has collapsed. The yen briefly touched a 34-year low compared to the U.S. dollar this week.