Mumbai, May 6 -- The Japanese yen surged over 1% to move past 157 per dollar on Wednesday, snapping a three-day losing streak as easing Middle East tensions weighed on the US dollar and oil prices. Washington's reaffirmation of a ceasefire and halt to offensive actions against Iran helped calm markets, reducing energy-driven inflation risks for Japan. As a major oil importer, lower crude prices provided strong support to the yen. Meanwhile, recent US data, including ISM services PMI and JOLTS, signaled softer economic momentum and failed to back a hawkish Fed outlook, limiting dollar strength. Attention now turns to the ADP Employment Change report and Friday's nonfarm payrolls data. These releases are likely to guide the next move in the y...