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Yen Surges to 155/USD, US-Japan Talks Planned

5/7/2026

27 4 Full Breakdown

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Story summary
  • The yen jumped from about 157.8 to 155 per dollar within half an hour on Wednesday, prompting speculation of intervention.
  • U.S. Treasury Secretary Scott Bessent will meet Japan Prime Minister Sanae Takaichi next week and hold talks with Satsuki Katayama and Kazuo Ueda.
  • Japan and the United States agreed last month to strengthen exchange-rate communication and will discuss energy procurement and the war in Iran.