Yen

Following its May 1 intervention that propelled the yen higher, Japan's Vice Minister of Finance Satsuki Katayama stated on May 5 that the country can conduct two more interventions before November under IMF guidelines. Authorities also warned traders to stay alert as yen battles intensify.

May 04, 2026 Reported by AI

The yen briefly surged in Asia trade, putting investors on high alert. The whipsaw trading followed Japan's likely spending of around ¥5.4 trillion ($34.5 billion) last week to support the yen. The Japan Times reported.