Japan, US confirm joint yen-buying intervention, signal more action

East Asia The rare joint intervention – the first since 2011 - aimed to prevent a selloff in the yen and Japanese government bonds from causing global spillovers. A man walks past an electronic screen displaying a graph showing the current and recent Japanese Yen exchange rate against the US dollar after Japan and the

CurrenciesThe second day of buying came on top of the U.S. selling euros for yenAround 6 p.m. on July 31 in Japan, the yen surged to the 158 range against the dollar from about 160 earlier. (Photo by Mayumi Tsumita)AKANE OKUTSUAugust 3, 2026 20:04 JSTTOKYO -- Preliminary money market data released by the Bank of Japan

Japan, U.S. Confirm Joint Yen-Buying Intervention, Signal More Action  HuffPost

Aside from helping Japan as a ally in Asia, the intervention would help the US address concerns over extraordinary weakness in the yen that offsets the boost from Trump's tariffs, analysts say.

Trump says US intervening to prop up yen as sign of friendship

US President Donald Trump says helping to bolster the Japanese currency is a sign of friendship.

Japan's Finance Ministry said Monday it conducted a coordinated yen-buying intervention with the U.S. Treasury on Friday.

The joint intervention is the ​first since ‌2011, when the two countries took coordinated action to weaken the yen in the aftermath of the earthquake in eastern Japan.

Japan confirms joint FX intervention with U.S., says won't hesitate for more  Reuters

After his remarks, the yen held a small loss against the dollar.

“It was a signal of friendship,” President Donald Trump says after being asked why the US intervened to support the Japanese yen.

The United States and Japan have executed a highly coordinated intervention to rescue the beleaguered yen, driving the currency to its highest level since early May following direct market purchases and explicit support from US Treasury Secretary Scott Bessent. The yen closed in New York on Friday at 157.40 against the