Japanese Prime Minister Sanae Takaichi kicks off her election campaign with an overriding goal: Get past the Feb. 8 vote without markets blowing up.

Japan's yen is surging and dragging down the dollar across markets, as rate checks have investors on high alert over the risks of the first joint U.S.-Japan currency intervention in 15 years.

Asian shares have mostly declined, as Japan’s benchmark took a tumble after the yen surged against the U.S. dollar

The Japanese Yen (JPY) attracts some sellers during the Asian session on Tuesday and moves further away from the highest level since November 2025, touched against its American counterpart the previous day.

By Tom Westbrook and Danilo Masoni SINGAPORE/MILAN, Jan 25 (Reuters) - Foreign exchange markets are starting the week on edge amid the possibility of official yen buying to build on the currency's spike on Friday and a subsequent pledge by Prime Minister Sanae Takaichi to act against speculative moves.

Against the Singapore dollar, the yen rose 0.9 per cent to 121.3330 as at 4.12pm. Read more at straitstimes.com. Read more at straitstimes.com.

NY Fed signals potential dollar intervention to support Japanese yen. Strategy could trigger intentional USD devaluation and market shifts.

USD/JPY breaks key support as Japan signals yen intervention and a hawkish BoJ, shifting focus to elections, rate differentials, and downside risks for the pair.

Japanese data offered no clear sign that authorities stepped into the market in Tokyo last Friday with yen-buying intervention for the first time since July 2024.

By Leika Kihara and Takaya Yamaguchi TOKYO, Jan 26 (Reuters) - Any Japanese intervention to prop up the yen will have limited effect in sustainably halting the currency's slide, former Finance Minister Yoshihiko Noda,