Morning Edition · Tuesday, August 4, 2026Published at 1:32 AM EDT · New York
First Joint US-Japan Yen Intervention Since 2011 Puts Dollar Strength at the Centre of Crypto Risk
The yen moved from 163.73 to 157.57 against the dollar after Friday's action, and bitcoin's 52-week correlation with the dollar-yen rate now reads minus 0.90.
Japan's finance ministry and the United States Treasury bought yen together on Friday in a coordinated currency intervention, an operation the two governments last carried out jointly in 2011. Treasury Secretary Scott Bessent confirmed the…
Continue the Crypto Intelligence Brief
Track on-chain flows, protocol shifts, stablecoins, and regulation.
- 5 crypto intelligence signals a day
- Tracked crypto trends, day over day
- Stablecoin and regulatory movement
- Source-grounded analysis with confidence labels
The Global Intelligence Brief stays free.
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.
More from this edition
- Coldcard Seed-Generation Flaw Pushes Bitcoin Losses Above $114 Million as Sweeps Continue
- Strategy Sells 1,638 Bitcoin to Finish a $4 Billion Cash Reserve for Preferred Dividends
- Crypto Market-Structure Bill Misses the Senate Floor Plan With Days Left Before Recess
- Aztec Activates Alpha V5, Halving the Cost of a Fully Private Transaction
- Security Researchers Publish New Price-Manipulation Exploit Proofs as Bridge Losses Stay Elevated
- Former FBI Agent Charged With Taking $1 Million in Crypto From Wallets Tied to Investigations
- BlackRock and Mastercard Move Into Stablecoin Plumbing as Morgan Stanley Cuts Circle to Underweight
- Ethereum Researchers Debate Making Contract Source Code Private by Default
- On-Chain Capital Keeps Concentrating as DeFi Value Holds Near $74.6 Billion and Brokers Cut Staff
- EU Transaction Ban Leaves HTX Corporate Clients Without a Clean Exit Before 23 August
- Bitmine Lifts Ether Holdings Near 4.8 Percent of Supply as an Italian Bank Rotates Into Staked Ether
Comments
0No comments yet.