Yen Jumps 3% to Two-Month High, Sparking Intervention Speculation

The Japanese yen surged 3% to a two-month high against the US dollar on July 30, 2026, per Dow Jones reporting. No official confirmation of intervention followed. Tokyo spent 11.7 trillion yen ($73.5 billion) defending the currency through late May. Finance Minister Katayama said July 3 that Japan stands "ready to respond." Confirmation, if any, comes via monthly Ministry of Finance data.