{"id":87910,"date":"2026-05-01T05:07:18","date_gmt":"2026-05-01T05:07:18","guid":{"rendered":"https:\/\/diyhaven858.wasmer.app\/index.php\/yen-soars-after-japan-intervened-following-final-warning\/"},"modified":"2026-05-01T05:07:18","modified_gmt":"2026-05-01T05:07:18","slug":"yen-soars-after-japan-intervened-following-final-warning","status":"publish","type":"post","link":"https:\/\/diyhaven858.wasmer.app\/index.php\/yen-soars-after-japan-intervened-following-final-warning\/","title":{"rendered":"Yen Soars After Japan Intervened Following \u2018Final\u2019 Warning"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div xmlns:default=\"http:\/\/www.w3.org\/2000\/svg\" data-testid=\"article-body\">\n<div class=\"bodyItems-wrapper\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->(Bloomberg) &#8212; The yen surged 3%, its biggest gain in almost two years, after Japan intervened in the foreign-exchange market following a \u201cfinal\u201d warning by officials to investors against selling the currency.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Most Read from Bloomberg<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->While the nation\u2019s top currency official declined to comment on Friday, a person familiar with the matter said intervention had taken place. Japan\u2019s Nikkei newspaper earlier cited a government official saying that the government bought yen and sold dollars. Several traders and strategists also said the abruptness of the move indicated action.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Economic officials in the US were notified ahead of Japan\u2019s intervention, according to someone familiar with the matter. The effort is in line with a Group-of-Seven agreement to alert counterparts, and to only act when there\u2019s risk of excess volatility.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->The yen reached 155.57 per dollar on Thursday, the strongest since late February, before paring gains to trade around 157.10 in Asia trading on Friday morning.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Until the government stepped in, the currency had been trading close to its weakest levels in four decades, risking faster inflation by making imports \u2014 including already soaring oil \u2014 pricier.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Late Thursday in Tokyo, the nation\u2019s top currency official, Atsushi Mimura, told speculators he was delivering a \u201cfinal advisory if you want to escape\u201d and echoed comments from Minister of Finance Satsuki Katayama that \u201cthe timing for taking bold steps is nearing.\u201d<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->\u201cThis was an alarm-bell moment,\u201d said Neil Jones, managing director of currency sales and trading at TJM Europe. \u201cMy sense is the Ministry of Finance instructed the Bank of Japan to sell the dollar versus the yen.\u201d<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Next Steps<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Market watchers are now turning their focus to officials\u2019 potential next steps. Japanese authorities spent around $100 billion in total buying yen on several occasions in 2024.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->\u201cAggressive BOJ intervention in 2022 and 2024 prompted a significant correction in dollar strength \u2014 but it required more than one round of yen purchases,\u201d said Shaun Osborne, head of currency strategy at Scotiabank.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Chris Turner at ING said the key thing to monitor regarding intervention is whether the US joins Japan\u2019s efforts to support the yen, a move that would be seen as sending a stronger signal to speculators.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->\u201cTaking into account high energy prices and Japan running substantially negative real interest rates, plus the dollar being in demand, Tokyo cannot expect a sustained drop in dollar-yen,\u201d said Turner, global head of markets at ING. \u201cThe wild card, however, would be whether the US Treasury gets involved.\u201d<!-- HTML_TAG_END --><\/p>\n<\/p><\/div>\n<p>   <button class=\"secondary-btn fin-size-large readmore-button    rounded   yf-r7dg9i\" data-ylk=\"elm:readmore;itc:1;sec:content-canvas;slk:Story%20Continues\" data-yga=\"{&quot;yLinkElement&quot;:&quot;readmore&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Story Continues&quot;}\" aria-label=\"Story Continues\" title=\"Story Continues\"> <span>Story Continues<\/span> <\/button> <\/p>\n<div class=\"read-more-wrapper\" style=\"display: none\" data-testid=\"read-more\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->The US has only intervened in currency markets on three occasions since 1995, according to the Richmond Fed\u2019s website, most recently acting to stem the yen\u2019s appreciation after the 2011 earthquake in Japan.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->US Treasury representatives didn\u2019t respond to a request for comment.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->The Fed in February confirmed that its trading desk in New York had requested quotes on the dollar-yen rate on behalf of the US Treasury the prior month, a move that briefly boosted Japan\u2019s currency.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Steady Rates<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Before its abrupt rebound, the yen had weakened beyond 160 per dollar. That came in the wake of decisions this week by the Bank of Japan and the Federal Reserve to hold interest rates steady. The US rate advantage over Japan\u2019s benchmark has contributed to the dollar\u2019s strength against the yen.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Some strategists have cited BOJ Governor Kazuo Ueda\u2019s reluctance to signal a near term rate hike as another weight on the yen, even though the decision to keep rates on hold this week was split.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->What Bloomberg strategists say&#8230;<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->\u201cYen intervention feels a bit like fighting the wind. Authorities can move the currency sharply if they wish, but rate expectations will keep pushing the yen weaker against the dollar.\u201d<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->\u2014Sebastian Boyd, macro strategist. For the full analysis, click here.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Tensions in the Middle East and soaring oil prices are also hurting the yen given Japan\u2019s heavy reliance on fuel from the region. Brent crude on Thursday surpassed $126 per barrel, the most since the aftermath of Russia\u2019s invasion of Ukraine in 2022.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->\u201cAt a time when the economy was garnering momentum, now we have this oil price shock, which is a big deal for Japan, which is an oil importer,\u201d Sophia Drossos, a strategist and economist at Point72 Asset Management, told Bloomberg Radio on Thursday. \u201cThe currency weakness in this context is a lot more pernicious.\u201d<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->While for years Japanese officials were more concerned about deflation \u2014 rather than inflation \u2014 taking hold in their sputtering economy, they\u2019ve begun to worry more about soaring prices in the aftermath of the pandemic shock. More recently, they have begun to scrutinize speculative trading in crude oil futures, saying it had become a new factor driving currency moves.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->\u201cOur focus is on all fronts \u2014 and that hasn\u2019t changed,\u201d Mimura said on Thursday, while declining to comment on specific drivers of the yen\u2019s recent weakness.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Brent Donnelly, president of Spectra Markets, said the drop in oil Thursday following the yen\u2019s rally may have been the result of traders holding correlated positions across the two markets.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->\u201cIf you\u2019re playing for higher oil, you are probably short yen and when you are getting smoked on the yen side, you sell your oil futures,\u201d he said.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->&#8211;With assistance from Takashi Umekawa, Saleha Mohsin, Anya Andrianova, Molly Smith, Erica Yokoyama, John Cheng, Ye Xie, Daniel Flatley and Georgia Hall.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->(Updates with confirmation in second paragraph from source on intervention.)<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Most Read from Bloomberg Businessweek<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->\u00a92026 Bloomberg L.P.<!-- HTML_TAG_END --><\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p><br \/>\n<br \/><a ><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) &#8212; The yen surged 3%, its biggest gain in almost two years, after Japan intervened in the foreign-exchange market following a \u201cfinal\u201d warning by officials to investors against selling the currency. Most Read from Bloomberg While the nation\u2019s top currency official declined to comment on Friday, a person familiar with the matter said intervention [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":87911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_daextam_enable_autolinks":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9],"tags":[],"class_list":["post-87910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/diyhaven858.wasmer.app\/wp-content\/uploads\/2026\/05\/203ea95d314466b3438b696f7aaeb5e0.jpeg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/posts\/87910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/comments?post=87910"}],"version-history":[{"count":0,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/posts\/87910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/media\/87911"}],"wp:attachment":[{"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/media?parent=87910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/categories?post=87910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/tags?post=87910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}