The Japanese Yen dropped against its major counterparts, where it sharply declined against the American dollar after the Bank has decided to intervene in the FX market to hold the yen's rise, while the yen reached a post-war high against the dollar, adding Japanese exporters' earnings to hurt.

The USD/JPY pair trades at 79.13 after recorded a high of 79.17 until now, while the pair was trading around 75.56 before the Bank's intervention.

On the other hand, the EUR/JPY pair rose to record a high of 111.39, while British pound increased against the Japanese yen to hit the highest level at 127.20.