The story so far
US Japan Yen Intervention
Tracked across 3 sources · Updated 4h ago
The US and Japan coordinated rare joint currency intervention to bolster the yen, involving direct purchases, official calls to banks, and pressure from Treasury Secretary Bessent. The yen strengthened amid market volatility and inflation concerns, with the US reportedly willing to buy $5-10 billion worth of yen.
How it unfolded
10h ago
Yen rebounds via joint efforts and persuasion
1d ago
US and Japan coordinate rare yen intervention
1d ago
Bessent note hints at US plan to buy yen
What happened earlier
Latest updates
Latest
Full story →Saving The Yen: Why Is US Backing Japan's Currency Rescue Mission? Explained
Yen's rebound was fueled by direct purchases of the yen, calls to banks that trade the currency, and persuasion by US Treasury Secretary Scott Bessent and Japanese Finance Minister.
The article explains why the US is backing Japan's currency rescue mission.
The focus is on the cooperative intervention between the US and Japan to support the yen.
Earlier · 1d ago
Full story →'Buy $5-10 billion yen': Bessent's note hints at US plan to back Japan's currency
US Treasury Secretary Scott Bessent's notepad, photographed at a Camp David cabinet meeting, listed 'Buy Japanese Yen (JPY) $5-10 bil' under 'To Do'.
The Financial Times reported that the US and Japan intervened jointly to support the yen, with the New York Fed selling euros for yen via Goldman Sachs and Morgan Stanley.
Japan may have sold up to $58.97 billion on Thursday to buy yen, according to separate central bank data.
The dollar slipped about 0.8% against the yen after reports of US intervention, moving from around 158.9 to roughly 157.6 yen.
If confirmed, this would be the first direct US support for the yen since 2011, when G7 countries coordinated after Japan's earthquake and tsunami.
Earlier · 20h ago
Full story →Why is Trump helping Japan revive the Yen? Impact of rare intervention explained
The US and Japan coordinated to strengthen the Japanese yen through rare joint currency intervention.
US Treasury Secretary Bessent circulated a viral note of $5-10 billion relating to the intervention.
The intervention occurs amid concerns over inflation and market volatility in Japan.
The rarity of the joint action highlights significant international coordination on currency markets.