Yen Surges Amid Signals Japan Intervened Again in FX Market
- Yen jumped as much as 2.7% vs dollar during US trading hours
- Nikkei reported Japan intervened to support the yen on Friday
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The yen soared the most against the dollar since March 2020 as Nikkei reported Japanese authorities intervened again to prop up the currency.
The yen jumped as much as 2.7%, to 146.23 per dollar, reversing an earlier drop that had sent it to a fresh 32-year low of 151.95 on Friday. The currency traded around 147.35 per dollar as of 4:20 p.m. in New York.