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The yen rallied more than 2% on April 30 as USD/JPY fell to about 156.47 after touching 160.73 earlier in the day. Finance Minister Katayama said authorities were 'getting closer to taking decisive steps' in the FX market.
The reversal reflects traders unwinding short yen positions ahead of possible intervention. Wide Fed-BoJ rate differentials still favour the dollar, so the yen's gain may be temporary.
fxstreet.comVishal ChaturvediApr 30, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
