Bloomberg: The yen soared by the most in more than two years against the US dollar, with Japan’s Nikkei newspaper reporting that officials stepped in once again to try and prop up the nation’s sagging currency.

The currency advanced as much as 3.3% versus the dollar in New York trading on Thursday, the most on an intraday basis since December 2023, when Bank of Japan Governor Kazuo Ueda indicated that the central bank was prepared to exit what was then the world’s last negative interest-rate regime. The yen closed at 159.53.