Fact Check: The intervention only nudged the yen from 164 to 157, despite the massive scale of the intervention.

Claim: The intervention only nudged the yen from 164 to 157, despite the massive scale of the intervention.

Verdict: Partially True (60% confidence)

Explanation: According to Reuters, the yen moved from a high of 164 to 158.34 following the intervention, indicating a significant change in value. Business Insider further supports this by noting the yen traded at around 157 after rebounding from a low of 164. CNBC also confirms the yen's movement to 157 after the intervention. However, none of the sources explicitly confirm the 'massive scale' of the intervention, leaving this aspect unverified. The verdict is partially true because the yen's movement is c...