India, May 1 -- As of May 1, 2026, the USD/Yen exchange rate has shown strong volatility, with the US dollar falling sharply against the Japanese yen. The currency pair has dropped to the 156-157 range, down more than 2% from recent levels near 160. This sudden movement comes amid growing speculation that Japanese authorities may have stepped in to support their currency.

Yen (JPY) Jumps After Possible Government Action

The Japanese yen gained over 2%, moving close to 157 per dollar after reports of possible intervention by officials in Tokyo. The currency had earlier weakened past the 160-per-dollar mark, which was its lowest level since July 2024. Authorities had already warned of taking "decisive action" if the yen continued to fall ...