![Yen Soars on Speculation of Japanese Intervention](https://cdn.statically.io/img/images.ctfassets.net/rbl6nw8n2c6i/2aPx3lPpsKZuVcyRl1ijK9/9977625170dad74dc66ee5fe8527c75a/yen_article.png)
Yen Soars on Speculation of Japanese Intervention
The Japanese Yen (JPY) saw a sharp rise against the US dollar (USD) on April 29th after the Yen plunged to a 34-year low of 160.245 during the trading session. Did the Bank of Japan intervene in the Forex market? Let’s take a closer look.