Why Japan's $70 billion-plus intervention and a rate hike didn't prop up the yen more

Japan was willing to step in to defend the yen around the 160 level before, and it's at that point again.

# Why Japan's $70 billion-plus intervention and a rate hike didn't prop up the yen more Japan was willing to step in to defend the yen around the 160 level before, and it's at that point again. **Read the full article:** [CNBC](https://www.cnbc.com/2026/06/19/japan-yen-intervention-boj-rate-hike.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*