---
title: Intervention? At 9:30 PM ET, the Japanese Yen weakened to 160 against the US Dollar for the first time since 1990.
description: "Exactly 2.5 hours after the headlines came out, the ratio just crashed from 160.20 to 156.50.\nThat's a ~2.5% swing in one of the biggest currencies in the world in a matter of minutes.\nClearly, something is happening here and it comes just days after the Bank of Japan left rates unchanged. Did someone just intervene?\nSource: The Kobeissi Letter"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Intervention? At 9:30 PM ET, the Japanese Yen weakened to 160 against the US Dollar for the first time since 1990.](https://blog.syzgroup.com/syz-the-moment/intervention-at-930-pm-et-the-japanese-yen-weakened-to-160-against-the-us-dollar-for-the-first-time-since-1990)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Apr 29, 2024, 12:35:38 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/intervention-at-930-pm-et-the-japanese-yen-weakened-to-160-against-the-us-dollar-for-the-first-time-since-1990)

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