Since 2022, the exchange rate of the Japanese yen (yen) against the US dollar (dollar) has been increasing, registering sporadic peaks, reaching 163 yen per dollar by the end of July 2026, its peak in forty years.
Shock rigidity in Frankfurt's ECB Tower, iron silence at the EU Commission in Brussels.The US intervention to stabilize the dumbling Japanese yen causes considerable irritation on the European side.The article Yen-Intervention of the USA: Irritations between Washington and Brussels first appeared on Tichy's insight.