Japanese yen jumps in Asia trading on intervention concerns

14 articles · Updated · Bloomberg · May 4

The currency rose as much as 0.8% to 155.72 per dollar in thin holiday trading on Monday before giving back most of the advance.
Investors stayed alert for possible further action by Japanese authorities after last week's intervention aimed at slowing the yen's slide.
Japan likely spent about ¥5.4 trillion, or $34.5 billion, last week after the currency weakened beyond 160 per dollar.

With the yen's slide hitting households, must Japan choose between currency stability and risking economic recession?

Can Japan's costly interventions save the yen, or will a drastic rate hike be the only solution left to avert a crisis?