Business · Markets · 11 hrs ago
Euro rises to $1.116 as Japan reports record yen support
The euro rose 0.1% to $1.116 against the US dollar at the start of trading.
In Asian trading, the yen was changing hands at 158; the report did not specify a currency unit for that figure.
Japan’s finance ministry said the country bought nearly 8 trillion yen on July 30 to support its currency.
The ministry valued that spending at 45.3 billion euros.
Japan described the move as its largest-ever intervention to support the yen.
Currency intervention means authorities use money to try to influence the value of their currency.
The update gives no further details about what Japan or other authorities will do next.
The euro strengthened to $1.116, up 0.1%, at the start of markets.
Japan reported that it made its largest-ever intervention to support the yen on July 30.
The intervention involved purchases of nearly 8 trillion yen, equivalent to €45.3 billion.
The yen traded at 158 to the dollar in Asia.
- Who
- Japan’s Ministry of Finance reported the intervention. The euro and yen were the currencies involved.
- What
- The euro rose to $1.116, while Japan reported a record intervention to support the yen.
- When
- The euro move and report were noted on November 9, 2026. The intervention took place on July 30.
- Where
- The yen traded in Asia. Japan carried out the intervention.
- Why
- Japan’s intervention was to support the yen. The reason for the euro’s rise is not stated.
This story does not have two clearly opposing sides.
Japan carried out its largest-ever intervention to support the yen.
Japan’s Ministry of Finance released data on the intervention as the euro traded at $1.116.
- Euro exchange rate
- $1.116
- Euro change
- Up 0.1%
- Yen in Asia
- 158 to the dollar
- Intervention date
- July 30
- Intervention amount
- Nearly 8 trillion yen (€45.3 billion)