Yen Surges 3% Amid Japanese Officials' Warning of Potential Currency Intervention
The Japanese yen surged 3% on April 30, 2026, marking its largest single-day increase in over three years, following warnings from Japanese officials about potential intervention to support the currency. The dollar fell to 155.94 yen, its biggest one-day drop since December 2022, as Finance Minister Satsuki Katayama signaled the possibility of decisive action in the market.
Topics: Currency intervention Dollar-Yen exchange rate FX market Japan finance ministry Yen rally