Yen strengthens sharply against the US dollar

Exchange rates of Japanese Yen to the U.S. dollar and several other foreign currencies are displayed at a money exchange shop in Tokyo, Japan July 27, 2026. REUTERS/Issei Kato 30 Jul 2026 10:12PM NEW YORK, July 30 : The yen rose sharply on Thursday as traders remained on alert for possible intervention by Japanese authorities to prop up the battered currency.Against the yen the dollar was 2 per cent lower at 160.10 yen.Markets have been on alert for yen-buying by Japanese authorities, who have warned of action for months as currency weakness exacerbates the cost-of-living impact of rocketing energy import prices.The Japanese finance ministry’s foreign exchange division could not be reached immediately for comment. Source: Reuters