Yen jump sparks talks of Japan intervention

By Agence France-Presse

May 03, 2024 12:14 am

TOKYO: The yen jumped over 3 percent against the dollar, sparking speculation on Thursday that the Japanese government intervened for the second time this week to support the beleaguered currency.

The yen strengthened to 153.04 per dollar from around 157.58 in New York overnight, later falling back to 155.79 on Thursday morning.

INTERVENTION A woman walks in front of an electronic board displaying the exchange rate for the Japanese yen against the US dollar in Tokyo on Thursday, May 2, 2024. AFP PHOTO

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