The currency pair shows how many Japanese yen, the quote currency, are needed to purchase one U.S. dollar, the base currency. The symbol for the Japanese yen (JPY) is ¥. Key Takeaways.

Japan intervened in the currency market on Thursday to buy yen for the first time since 1998, in attempt to shore up the hard-hit currency after the Bank of Japan stuck with ultra-low rates.

Japan’s yen surges after sinking to lowest level against dollar since 1990. Japanese currency sinks to 160.17 per dollar before rising to 155.01 amid speculation of intervention by authorities.

Data from Japan's Ministry of Finance on Friday confirmed the country's first currency intervention since 2022, after the yen plunged to a 34-year-low in April. The ministry on Friday stated Japan ...