TOKYO, 3rd August, 2026 (WAM) -- The US dollar weakened sharply Monday against the Japanese yen after US President Donald Trump and Japan’s finance minister confirmed both sides had intervened in markets.
Early Monday, after the official announcement of the intervention, the dollar dropped about 1 percent to 156.34 yen. That’s a big change for the exchange rate.
Before late last week, the dollar was trading above 163 yen, touching 40-year highs