Japan's Currency Jumps 3%; Did the Government Step In?

Japan's yen rose 3% against the dollar on July 30, 2026 — a two-month high, per Dow Jones. Tokyo already spent 11.7 trillion yen ($73.5 billion) propping up its currency through late May. Finance Minister Katayama said July 3 Japan is "ready to respond." Official confirmation, if any, comes later in monthly government data.