Yen Fluctuates After Three-Day Rally

2026-02-12 06:38 By Jam Kaimo Samonte 1 min. read

The Japanese yen fluctuated around 153 per dollar on Thursday after rallying for three straight sessions, as investors assessed ongoing verbal interventions from Tokyo and the implications of PM Takaichi’s expansionary fiscal agenda for domestic growth.

Top currency diplomat Atsushi Mimura said authorities remain on high alert over foreign exchange movements, even after the yen’s recent appreciation, particularly following stronger-than-expected US jobs data.

Finance Minister Satsuki Katayama also reiterated that the government would respond to FX developments in line with the US-Japan joint statement.

The yen had advanced roughly 2.5% over the previous three sessions after Takaichi’s decisive general election victory, which gave her a clear mandate to pursue higher fiscal spending and tax cuts.

Markets are betting that her policy platform could reinforce economic growth and provide the Bank of Japan with greater scope to normalize monetary policy through higher interest rates.



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