Yen surges to 157-range, fueling intervention speculation

CurrenciesJapanese currency spikes to highest level since May after prolonged declineThe yen had been depreciating against the dollar amid fiscal policy concerns and uncertainty surrounding the war in the Middle East. © ReutersNikkei staff writersJuly 30, 2026 23:51 JSTTOKYO -- The yen rose sharply to the 157 range against the dollar at one point Thursday, its strongest level since mid-May, in what some market watchers see as a possible intervention.