Tokyo, 4 May 2026 – The Japanese yen briefly surged in Asian trading on Monday, putting currency investors on high alert as speculation grew that authorities may again step into the market to slow the currency’s sharp decline.
The yen strengthened as much as 0.8 percent to 155.72 against the US dollar during a thin holiday session before giving back most of those gains. The sharp move came after Japan was believed to have spent around ¥5.4 trillion, or about US$34.5 billion, last week to support the currency after it weakened past 160 per dollar.
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