Japan intervenes in yen market ahead of BOJ decision FAST-MOVING
Japan carried out yen‑buying and dollar‑selling intervention in the New York foreign‑exchange market on July 30‑31 2026, its first such action in three months. The move was aimed at supporting a yen that had slipped to four‑decade lows near ¥162 per dollar. The intervention lifted the currency sharply, with the yen trading around ¥157‑159 per dollar before easing to about ¥160. The action came just before the Bank of Japan’s policy meeting, where the central bank was expected to keep its short‑term rate at 1 % and possibly signal further tightening. U.S. Treasury Secretary Scott Bessent said the yen seemed very undervalued and hinted at a U.S. “rate‑check” that often precedes intervention. Japan’s finance minister, Satsuki Katayama, said the government was ready to act but declined to confirm the operation. South Korea also sold dollars in its own intervention on the same day. Analysts described the market move as a likely official intervention, noting its short‑term impact on the yen and the dollar’s two‑month low against the Japanese currency.
Entities: Alphabet (Google) · Bank of Japan · CAPE ratio · Cyclically Adjusted P/E (CAPE) ratio · Dow Jones Industrial Average · Evercore · Federal Reserve · Japan · Japanese Ministry of Finance · Japanese yen · Japanese yen · Juan Perez
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] The S&P 500 CAPE ratio is at its highest level in more than 25 years. (multiple articles)
- [○ 1 SOURCE] The S&P 500 is trading near 7,481 with resistance at 7,522 and support at 7,412. (ProjectSyndicate technical snapshot)
- [● 4 SOURCES] The S&P 500 is up more than 8% year‑to‑date. (multiple articles)
- [○ 1 SOURCE] A break below the floor at 7,412 could pull the index down to 7,357. (ProjectSyndicate technical snapshot)
- [○ 1 SOURCE] The CAPE ratio is the second‑highest ever recorded, after a peak of 44 in 2000. (article)
- [○ 1 SOURCE] In 2023‑2026, the S&P 500 total return of 9% exceeds the Nasdaq Composite’s 7.8% return. (300d54a0-5a2d-44da-8e08-1981944402b2)
- [○ 1 SOURCE] The Nasdaq underperformed due to a tech sell‑off while the Dow and S&P 500 outperformed. (Motley Fool analysis)
- [○ 1 SOURCE] A break above 7,522 could target 7,574 and then 7,631. (ProjectSyndicate technical snapshot)
- [○ 1 SOURCE] The S&P 500 was trading at 7,429 on July 29. (5ee6f635-beba-476e-8d16-e235f6ada17a)
- [● 2 SOURCES] The Federal Reserve kept its policy rate unchanged at a target range of 3.50%–3.75%. (multiple articles)
- [○ 1 SOURCE] TradingShot predicts a potential 10% correction in the S&P 500, targeting a decline to around 6,865. (article)
- [○ 1 SOURCE] SPY turned positive at $742 following the Fed decision. (article)