[Yen Surges Suddenly, Market Speculates Japan Shifts to 'Surprise' Strategy] Odaily Planet Daily News - On Thursday, the yen suddenly surged against the U.S. dollar, with traders remaining highly vigilant about the possibility of Japanese authorities intervening to support the yen. It is currently unclear what triggered this market fluctuation or whether Japanese authorities intervened in the market. The magnitude of this fluctuation appears to be smaller than the movements following previous rounds of intervention. Hirofumi Suzuki, Chief FX Strategist at Sumitomo Mitsui Banking Corporation, stated: 'It is not yet clear whether this is an intervention. However, as reported, the authorities may have shifted their intervention strategy and tactics, possibly no longer signaling interventions in advance, which could make it more difficult for the yen to weaken further.' (Jin10)