US and Japan execute rare joint currency intervention to support weakened yen
US President Donald Trump confirmed a rare joint currency intervention with Japan to bolster the yen following its drop to a 40-year low.
US President Donald Trump has confirmed that Washington participated in a joint currency market intervention to support the Japanese yen, calling the move a "signal of friendship" that benefits both the American and global economies. The coordinated action follows the yen dropping to its lowest level against the US dollar in 40 years.
The operation marks the first combined foreign exchange intervention between the United States and Japan in nearly three decades. Financial reports indicate the Federal Reserve Bank of New York executed market trades to stem the Japanese currency's sharp devaluation. Japanese Finance Minister Satsuki Katayama previously stated the intervention aimed to curb excessive exchange rate volatility, adding that Tokyo remains in close consultation with US authorities.
Sources: FAZ, France24, ORF, RTP.
How outlets assessed this
- NOS (Nederlandse Omroep Stichting) Cautious Stresses that despite an immediate rally in the yen, the intervention's long-term effectiveness remains uncertain.
- Finews Neutral Focuses on financial analysis showing the move serves US self-interest by preventing spillovers into US bond markets.
Sources
Earlier coverage
- Aug 3, 2026, 09:00 PM UTCJapan and US confirm first joint currency intervention since 2011
- Aug 3, 2026, 08:30 PM UTCJapan and United States launch joint currency intervention to support yen
- Aug 3, 2026, 06:00 PM UTCJapan and United States intervene to prop up weakening yen
- Aug 3, 2026, 11:30 AM UTCJapan and US execute historic joint currency intervention to support weakened yen
- Aug 3, 2026, 10:00 AM UTCUS and Japan intervene to support falling yen after historic lows
- Aug 3, 2026, 03:00 AM UTCJapan and the US intervene to support weakening yen