Yen Spikes to 10-Week High — Is Japan Intervening in Currency Markets?
The Japanese yen (JPY) just pulled a fast one, spiking 1.8% against the dollar in a blink, hitting 155.04. This isn't just market noise; it screams potential intervention by the Bank of Japan (BOJ) to prop up the struggling currency. While it pared some gains, the message is clear: Tokyo might be done just talking. This move will send ripples through FX markets and could influence global risk sentiment.






