Japan Sets Record Yen-Buying Intervention Amid Persistent Currency Pressure

Japanese authorities conducted a record single-day yen-buying intervention in April, selling $40 billion of the country's currency reserves to stem the yen's slide.

The largest operation, which took place on April 30, amounted to 6.28 trillion yen ($39.64 billion) and surpassed the previous single-day record of 5.92 trillion yen set in April 2024.

The intervention helped lift the yen from a near two-year low of 160.725 per dollar to around 155 by May 6, but did not reverse the currency's broader downtrend.