After falling below 160, the Japanese yen surged by 400 points! The world is speculating whether the Japanese authorities have taken action. In early Asian trading on Monday (April 29), the yen broke through the integer level of 160 for the first time since 1990, but in the afternoon session, it surged nearly 400 points in just 30 minutes. This quickly sparked speculation among market traders: did the Bank of Japan intervene in the yen exchange rate?