Japan Intervenes with ¥5.5 Trillion to Stabilize Yen

Government's largest currency intervention in years follows yen's 38-year low against the dollar.

The intervention spanned from June 27 to July 29, totaling $36.8 billion.
Japan's Finance Ministry confirmed the figures, in line with market expectations.
The move followed warnings from authorities about countering volatile currency moves.
Bank of Japan raised interest rates to 0.25%, the highest since 2008.
The yen saw significant recovery, trading around 150 per dollar after the intervention.