Dollar tumbles against yen after apparent central-bank market interventions

NPR — World—Central-bank market interventions triggered a sharp slide in the US dollar against the Japanese yen, marking one of the currency's steepest single-day drops this year. Traders described the move as a sign that authorities in Tokyo are actively defending against excessive yen depreciation rather than a market-driven correction. The dollar's broader weakness rippled into other Asian currency markets as investors reassessed dollar-denominated positions. Higher import costs and inflation expectations are likely follow-on effects for economies most exposed to the swing.

• NPR — World — U.S. dollar weakens sharply against the Japanese yen after market interventions
• ABC News — Money — US dollar weakens sharply against the Japanese yen
• Yonhap News — Won weakened too … heavy foreign selling in local stocks
• The Independent (UK) — US dollar weakens sharply against the Japanese yen after market interventions
• Associated Press — US dollar weakens sharply against the Japanese yen after market interventions