Japan and the United States jointly intervene in the Japanese yen to support the exchange rate
2026-08-03 19:07:35
According to CoinMeta, Japan and the U.S. government have confirmed their first joint intervention in the Japanese yen since 2011 to support the yen, which has recently fallen to a 40-year low. Japan has sold nearly $60 billion to support the yen, and both sides have pledged to repeat this action if necessary. Since the first intervention last week, the yen has appreciated by about 4% against the U.S. dollar. At the same time, the market is focusing on the U.S. employment report for July and the corporate earnings season, with companies including Palantir, AMD, and SpaceX expected to release their financial reports.
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Source:Internet
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