Morning Edition · Sunday, August 2, 2026Published at 1:31 AM EDT · New York
US and Japan Mount Joint Yen Intervention as Bessent Notes Point to a $5–10 Billion Purchase
Photographed Treasury notes and official confirmation of ongoing intervention signal a coordinated defense of the yen, a rare use of state currency purchases.
The United States and Japan are conducting joint intervention in the currency market to support the yen, an effort that Watcher Guru reported is still ongoing. The action follows reporting that Reuters photographed notes belonging to U.S. T…
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Part of a tracked trend
State Currency Intervention Returns
As policy divergence strains major currency pairs, governments increasingly resort to coordinated intervention to manage disorderly moves, injecting episodic volatility into the dollar system and the risk assets that depend on its liquidity.
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