Yen Soars to One-Month High Amid Hike Expectations and Intervention Speculation

The yen has surged to a one-month high against the US dollar, reaching 156.34 per dollar, according to LSEG data.

This marks its strongest level since August 3, shortly after the joint intervention by the US and Japan on July 31.

Atsushi Mimura, Japan's Vice Finance Minister for International Affairs, stated that authorities are 'neither satisfied nor reassured' by recent moves and remain on a state of heightened alert.

The currency move follows a similar sharp 1% spike in the yen against the US dollar on Wednesday, which fueled speculation about possible further Japanese intervention.