Yen surges amid signals Japan intervened again in FX market

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 as of 4:20 p.m. in New York.

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