Currency Shock: Dollar Hits 34-Year High Against Yen – Will Japan Intervene?
Tokyo, Japan – The dollar surged to a 34-year peak against the yen in early Thursday trading, marking a significant moment in the ongoing battle between the two currencies. This move stirred speculation in the market about potential intervention by Japanese authorities to stabilize the exchange rate. The dollar climbed above ¥153 against the yen, a level that analysts had warned could trigger direct intervention from Japan. Following this surge, Masato Kanda, Japan’s vice-finance minister …