Yen surges to briefly touch low 158 level as intervention concerns linger

CurrenciesPossibility of further BOJ rate hikes also factors into cautious movementsU.S. Treasury Secretary Scott Bessent expressed support in late August for Japan's steps to address the undervalued yen. (Photo by Akira Kodaka)YOSHIKAZU IMAHORISeptember 3, 2026 03:21 JSTNEW YORK -- The yen surged in morning trading on exchange market here Wednesday, touching roughly 158.20 against the dollar as jittery price movements continued amid lingering concerns about another intervention.Read NextLatest on Currencies