Yen Holds Firm on Joint US-Japan Support

2026-08-04 00:52 By Jam Kaimo Samonte 1 min. read

The Japanese yen traded near 157 per dollar on Tuesday, holding onto most of its gains from the previous three sessions as signals of coordinated support from the US and Japan kept markets alert for further intervention.

US Treasury Secretary Scott Bessent urged the Federal Reserve to expand its Foreign and International Monetary Authorities Repo Facility, which allows foreign governments to obtain US dollars using their Treasury holdings as collateral.

The remarks followed confirmation from both Bessent and President Donald Trump that the US had jointly intervened with Japan to support the yen.

Meanwhile, Bank of Japan data showed Tokyo spent around ¥5.33 trillion during Friday’s operations, after reportedly carrying out a record single-day intervention worth ¥8.45 trillion a day earlier.

The yen had fallen to four-decade lows last month amid rising energy costs, growing fiscal concerns, and persistently wide interest rate differentials.



News Stream
Yen Holds Firm on Joint US-Japan Support
The Japanese yen traded near 157 per dollar on Tuesday, holding onto most of its gains from the previous three sessions as signals of coordinated support from the US and Japan kept markets alert for further intervention. US Treasury Secretary Scott Bessent urged the Federal Reserve to expand its Foreign and International Monetary Authorities Repo Facility, which allows foreign governments to obtain US dollars using their Treasury holdings as collateral. The remarks followed confirmation from both Bessent and President Donald Trump that the US had jointly intervened with Japan to support the yen. Meanwhile, Bank of Japan data showed Tokyo spent around ¥5.33 trillion during Friday’s operations, after reportedly carrying out a record single-day intervention worth ¥8.45 trillion a day earlier. The yen had fallen to four-decade lows last month amid rising energy costs, growing fiscal concerns, and persistently wide interest rate differentials.
2026-08-04
Yen Extends Rally as Japan Confirms Intervention
The Japanese yen strengthened toward 155 per dollar on Monday before pulling back, bringing its gains to as much as 5% over three sessions, after the Finance Ministry confirmed it carried out coordinated yen-buying operations with the US Treasury last week following the currency's slide to 40-year lows. Japanese authorities also warned they stand ready to conduct additional coordinated interventions if needed, adding that they remain in close contact with their US counterparts. US Treasury Secretary Scott Bessent also confirmed the joint action to counter disorderly moves in the yen, while President Donald Trump previously said the US joined last week's coordinated intervention as a show of support for Japan and to help safeguard global economic stability. The yen had fallen to four-decade lows last month amid pressure from elevated energy costs, mounting fiscal concerns, and persistently wide interest rate differentials.
2026-08-03
Yen Holds Gain After Suspected Intervention
The Japanese yen hovered around 159.55 on Friday after surging in the previous session, with markets suspecting Tokyo intervened once again to support the currency just hours before the Bank of Japan’s policy decision. Nikkei reported that Japanese authorities entered the foreign exchange market and that US officials requested dollar-yen rate quotes. Japanese Finance Minister Satsuki Katayama has repeatedly signaled that authorities stand ready to intervene at any time, while noting that Japan remains in close communication with the US on foreign exchange issues. The yen had weakened to a 40-year low earlier this month under pressure from elevated energy costs, fiscal concerns, and wide interest rate differentials. Meanwhile, the BOJ left its policy rate unchanged at 1%, in line with expectations, keeping borrowing costs at their highest level since September 1995 following a 25-basis-point rate hike in June.
2026-07-31