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fxJul 30, 2026, 2:15 PM

Japanese Yen Surges on Suspected Intervention, EUR/JPY Tumbles 400 Pips

The Japanese Yen rallied sharply on Thursday, likely due to another intervention by authorities, causing EUR/JPY to drop 2.26% and fall to around 183.10.

EURJPY

The Japanese Yen experienced a sudden and sharp surge on Thursday, widely attributed to a suspected intervention by Japanese authorities in the foreign exchange market.

EUR/JPY plunged over 400 pips within minutes, dropping 2.26% on the day to trade around 183.10 at the time of writing.

The move underscores ongoing government efforts to stabilize the yen, which has been under persistent pressure. Further details on the scope and official confirmation of the intervention were not immediately available.

Source: FXStreet Forex News