CurrenciesJapanese currency leads peers in recovering against the greenbackAnalysts are pointing to the potential unwinding of yen carry trades as a reason for the currency's strengthening. (Photo by Naoko Inoue)JADA NAGUMOSeptember 8, 2026 10:29 JSTUpdated on September 8, 2026 17:26 JSTTOKYO -- The Japanese yen is surging against the U.S. dollar, rising to the 152 range on Tuesday morning and touching a six-month high as traders unwind their yen carry trades amid expectations for faster rate hikes by the Bank of Japan.
Yen appreciates sharply against the dollar, touching the 152 level
Japanese currency leads peers in recovering against the greenback
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