Forex
Yen Soars to One-Month High Against Dollar: Intervention Fear and Rate Hike Chatter Drive USD/JPY Lower
The Japanese yen has rocketed to its strongest level against the dollar in a month, powered by renewed intervention warnings from Tokyo and growing conviction that the Bank of Japan will tighten policy further before year-end. Traders are now navigating one of the most volatile setups in the USD/JPY pair in 2026.