The yen soared due to weak U.S. employment data, rekindling intervention expectations.

The Japanese yen strengthened significantly against the US dollar after the employment report came in below expectations, triggering a broad sell-off of the dollar. Traders are closely monitoring the recent coordinated efforts by Tokyo and Washington to support the currency, amid speculation of possible Japanese intervention. The yen's movements highlight the renewed pressure on policymakers as the market reassesses expectations for US interest rates.