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The Independent UK
The Independent UK
National
Via AP news wire

US dollar weakens sharply against the Japanese yen after market interventions

Japan Donald Trump Japanese Yen United States
Japan Financial Markets - (Copyright 2026 The Associated Press. All rights reserved)

The U.S. dollar weakened sharply Monday against the Japanese yen after U.S. President Donald Trump and Japan’s finance minister confirmed both sides had intervened in markets.

Before late last week, the dollar was trading above 163 yen, touching 40-year highs. After regulators were suspected of stepping in, it fell below 160 yen.

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