Japan Intervenes, USD/JPY Falls 2.3%

Japan's government and BOJ intervened on April 30, buying yen, selling dollars, driving USD/JPY 2.3% lower to 156.57, a July 2024 high.
The U.S. dollar index dropped 0.9% to 98.06 as the Fed kept rates steady, with Powell citing uncertainty and rising energy‑price inflation.
ECB and BoE kept rates steady; the euro rose 0.4% to $1.1732 and sterling jumped 1% to $1.3607.