SINGAPORE/LONDON—The yen rose slightly on Wednesday, moving away from the closely watched 150 per dollar mark, after a short-lived surge in the previous session stoked speculation that Japanese authorities could have intervened to support the currency.
The Japanese currency was up around 0.12 percent at 148.93 per dollar in early European trading, after unexpectedly surging nearly 2 percent at one point on Tuesday to 147.30. The spike came after it slipped to 150.165 per dollar, its weakest since October 2022.
