The Japanese yen strengthened against other major currencies in the European session on Wednesday, after Japanese Prime Minister Sanae Takaichi issued a warning that the government might intervene in the foreign exchange market at any time.
Although it is yet unclear whether the Bank of Japan (BoJ) has fully intervened, the increase in the Japanese Yen appears to be backed by verbal involvement from the nation's senior leaders.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.