Yen surges 1.75% to 155.63 as PM Takaichi flags speculative FX moves and intervention risk

On January 25, 2026, Japan’s yen logged a sharp rebound, climbing 1.75 percent to about 155.63 per dollar after comments from Prime Minister Sanae Takaichi about speculative and abnormal currency moves. Her remarks, combined with reports that the New York Fed contacted banks to check on the yen exchange rate, forced traders to reassess large short positions and heightened expectations for potential coordinated intervention.