FOREX: Yen surges against US dollar
The Japanese yen gained sharply against the U.S. dollar on Wednesday, after retracing approximately half of its increases made after a rare joint intervention by the U.S. and Japan at the end of July.
September 02, 2026
Karen Brettell/Reuters
FILE PHOTO: Holograms, which show different images and colours depending on the angle at which they are viewed, are seen on the new Japanese 1,000 yen banknote as the new note is displayed at a currency museum of the Bank of Japan, on the day the new notes of 10,000 yen, 5,000 yen and 1,000 yen went into circulation, in Tokyo, Japan July 3, 2024.
Issei Kato/Reuters
The Japanese yen gained sharply against the U.S. dollar on Wednesday, after retracing approximately half of its increases made after a rare joint intervention by the U.S. and Japan at the end of July.
It was not immediately clear what prompted the move. The yen reached a 40-year low of 163.98 before the intervention and reached 155.21 afterwards.
The yen JPY= was last up 1% on the day at 158.56 per dollar.
-Reporting by Karen Brettell; Editing by Mark Porter/Reuters
TOP BUSINESS STORIES
FOREX: Yen surges against US dollar
Some Canadians boycott US products as rift grows
Shipping traffic through Strait of Hormuz stays below 10-day average
LATEST NEWS
Tropical storm Edouard makes landfall near Texas-Louisiana border
Haze from wildfires in Indonesia forces 1.4 million students into remote learning
Two injured as unknown object explodes in Germany train station
Paraluman News Publication, Inc.
desk@myparaluman.ph
Tektite Towers (East), Exchange Road
Ortigas Center. San Antonio 1600
City of Pasig, NCR, Philippines
+63284298877
EXPLORE
Editorial Standards and Code of Ethics
Privacy Policy
User Policy
COMMUNITY
Contributor and Campus Voices Terms
Advertise with Paraluman News
ACCOUNTABILITY & SAFETY
Submit a Claim for Fact-Checking
© 2026 Paraluman News Publication