{
  "id": 5118107,
  "title": "Euro tumbles against the Yen as intervention fears hit crosses",
  "url": "https://urgent.news/2026/09/02/euro-tumbles-against-the-yen-as-intervention-fears-hit-crosses",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T15:18:40.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-tumbles-against-the-yen-as-intervention-fears-hit-crosses-202609021518"
  },
  "original_language": "en",
  "account": "The Euro (EUR) experienced a significant decline against the Japanese Yen (JPY) on Wednesday as rumors circulated about potential Japanese market intervention. The EUR/JPY pair hit a low of approximately 183.64, down from its daily high of 185.75. By the time of this report, the pair was trading at 184.03, marking a decrease of over 0.89%. The Japanese Yen also saw a sharp appreciation against the US Dollar (USD) during the session, which further fueled speculation of intervention. Analysts noted that the market was on high alert for potential intervention. Despite positive sentiment surrounding US equities, with most major indices trading in the green, investors remained cautious amid Middle Eastern tensions. Oil prices experienced a slight easing but remained near weekly highs, hovering around the $90.00 mark. US Treasury Secretary Scott Bessent expressed confidence in Bank of Japan Governor Kazuo Ueda's monetary policy decisions, emphasizing that excessive volatility could lead to higher US Treasury yields. Technical analysis indicated that EUR/JPY was trading at 183.97, showing a slightly bearish short-term trend below key resistance levels. The Relative Strength Index (14) decreased slightly to 43, suggesting a fading upside momentum. Traders closely monitored the pair's performance, with immediate resistance at 184.15 and support around 184.81. If selling pressure intensified, the next major support level would be the trend-line break near 189.44.",
  "summary": "The Euro (EUR) tumbles against the Japanese Yen (JPY) on Wednesday amid growing speculation that Japanese authorities may have intervened in the FX markets, as most Yen pairs collapsed to fresh two-week lows, with EUR/JPY bottoming at around 183.64 from a daily high of 185.75.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}