Yen Surges, Dollar Falls Amid Likely Japanese Intervention

The Japanese yen, a currency used in Japan, went up more than 2% against the U.S. dollar on July 30.

This means the yen became stronger and the dollar weaker.

Some traders think the Japanese government bought yen to stop it from falling too much.

The U.S. dollar also fell because U.S. inflation slowed and the Federal Reserve decided not to raise interest rates.

The Bank of Japan will decide its interest rate on Friday, and many expect it to stay at 1%.

The U.S. economy grew slower in the second quarter, which also made the dollar weaker.

Overall, the yen’s rise shows how governments can influence currency prices.