Yen Hits Near One-Month High on Intervention Speculation at 160 Per Dollar

The yen strengthened to a near one-month high against the dollar on September 3, 2026, as markets speculated Tokyo might intervene. The yen sat near 160 per dollar as of September 1, a level that previously triggered coordinated Japan-US intervention. Tokyo spent roughly $59 billion in August defending the currency, only to see gains fade within weeks.