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Yen Surges as BOJ Tightening Expectations Lift Currency

9/8/2026

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Summary

Story summary

The yen surged to about ¥152 per dollar, its strongest level in six months, on September 8.
Speculation that the Bank of Japan will accelerate rate hikes lifted yen-buying pressure.
U.S. Treasury Secretary Scott Bessent called the yen’s depreciation excessive, prompting market expectations of BOJ tightening.
Japan intervened with a record ¥15.4 trillion (about $100 billion) in July-August to support the yen.

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Story summary

The yen surged to about ¥152 per dollar, its strongest level in six months, on September 8.
Speculation that the Bank of Japan will accelerate rate hikes lifted yen-buying pressure.
U.S. Treasury Secretary Scott Bessent called the yen’s depreciation excessive, prompting market expectations of BOJ tightening.
Japan intervened with a record ¥15.4 trillion (about $100 billion) in July-August to support the yen.