# The dollar was headed for its biggest weekly loss against the yen since February.

*fintech · news · 2026-05-01 · Moneycontrol*

## Key points

- Japan reportedly intervened to support the yen after it hit 160.7 per dollar Thursday.
- Authorities may have spent up to 5.48 trillion yen ($35 billion) during this intervention.
- Barclays analysts warned intervention could occur during the upcoming Golden Week holiday if USDJPY rebounds.
- ECB and BOJ signaled possible interest rate hikes as soon as June to address inflation.
- Market expectations for US Fed rate cuts have diminished, discouraging sustained yen appreciation.

**Countries:** Japan, United States, Iran, European Union, United Kingdom

[Read the full story on Moneycontrol](https://www.moneycontrol.com/news/business/markets/dollar-set-for-sharp-weekly-loss-versus-yen-after-japan-steps-in-13905757.html)

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