Yen Surges 3% to Two-Month High; Market Eyes Possible Intervention

The yen climbed 3% against the dollar on July 30, 2026, hitting a two-month high, per Dow Jones. Tokyo previously spent 11.7 trillion yen ($73.5 billion) defending the currency through late May. Finance Minister Katayama said July 3 Japan stands "ready to respond." Any official confirmation comes via monthly Ministry of Finance data.