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fxJul 2, 2026, 7:50 AM

Euro Slides vs Yen on Suspected Japan Intervention

The euro dropped nearly 0.5% against the Japanese yen on Thursday, trading near 184.00 during the European session, amid suspected intervention by Japanese authorities.

EURJPY

The euro tumbled against the Japanese yen during Thursday's European trading session, losing nearly 0.5% and falling to around 184.00. The sharp move in EUR/JPY was attributed to a sudden strengthening of the yen.

Market participants suspect that Japanese authorities may have intervened to support the yen, triggering the rapid decline in the cross rate. No official confirmation has been provided yet.

The move comes as the yen has been under persistent pressure against major currencies, prompting speculation about potential intervention by Tokyo.

Source: FXStreet Forex News