Yen suddenly jumps, markets on alert for intervention

Fidelity
2026.05.04 03:58
portai
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The yen surged against the dollar during Asian trading on May 4, prompting traders to be vigilant for potential intervention by Tokyo, which had previously acted to support the currency. The dollar was down 0.68% at 156.05 yen, having experienced a decline of over 0.7% at one point.