Japanese currency spikes to highest level since May after prolonged decline

Having collapsed to its weakest relative to the dollar in 40 years...

NEW YORK, July 30 : The Japanese yen surged on Thursday, in a move analysts said bore the hallmarks of official intervention by Tokyo to prop up a currency that has slumped to…

Japanese currency spikes to highest level since May after prolonged decline

By Jessica Fleetham and Megumi Fujikawa