Yen surges against dollar, but weakness concerns remain

Finance minister declines comment on currency's level or suspected intervention earlier

20240503N Yen dollar 151

The yen strengthened to the 151 level against the dollar, the highest since April 10. © Kyodo

Nikkei staff writers

TOKYO -- The yen briefly strengthened to the 151 level against the dollar early Friday in New York trading, a more than three-week high, but the short-lived spike did little to allay worries about the Japanese currency's persistent weakness even amid suspected intervention.

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