Japan conducts massive yen-buying intervention, Nikkei reports - Reuters

Nikkei reports that Japan conducted a massive yen-buying intervention following a sharp rally. Although Japanese authorities refrained from officially confirming these foreign-exchange market actions during overnight trading, they hinted at receiving support from overseas counterparts, including US officials. This intervention aimed to address the currency's volatility. While the government has not explicitly validated the move, the reports suggest a coordinated effort with international partners to manage the yen's fluctuations in the global market.