Yen surges to 157 range per dollar, 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 JSTUpdated on July 31, 2026 01:33 JSTTOKYO -- The yen

Yen surges against the dollar, analysts suspect official yen buying intervention  Reuters

NEW YORK, July 30 : The yen rose sharply against the dollar on Thursday, in a move analysts said bore the hallmarks of official intervention by Japanese authorities to prop up the battered currency.The dollar fell by as much as 3 per cent to 158.34 , down from 40-year highs hit earlier this week.It was not immediately