Archive · 3 Aug 2026
Japan, US launch first joint yen intervention in 15 years
Japan and the United States decided to help the Japanese yen, which had been falling a lot.
They bought a lot of yen in New York, spending about $59 billion.
The Japanese Finance Minister and the US Treasury Secretary said they would act again if needed.
President Donald Trump said the move showed friendship.
The yen went up to about 157 per dollar, but experts say the problem of low interest rates in Japan still remains.
Japan and the United States carried out their first joint currency intervention in 15 years to support the yen after it fell to 40‑year lows.
The intervention involved buying yen in New York markets, with Japan spending roughly $59 billion (¥8.45 trillion).
Finance Minister Satsuki Katayama and Treasury Secretary Scott Bessent said both governments would not hesitate to intervene again if needed.
President Donald Trump described the move as a “signal of friendship” and praised the cooperation.
The yen rebounded to around 157 / USD, but analysts warn that long‑term weakness remains tied to Japan’s low rates and rising import costs.
- Who
- Japanese Finance Ministry, US Treasury, President Donald Trump, Finance Minister Satsuki Katayama, Treasury Secretary Scott Bessent
- What
- Joint currency intervention to buy yen and support its value
- When
- August 3, 2026
- Where
- Tokyo, New York, United States, Japan
- Why
- To counter the yen’s slide to 40‑year lows, protect import costs, and demonstrate alliance
- Currency
- Japanese yen (JPY)
- Intervention Date
- August 3, 2026
- Amount Spent
- $58.97 billion (¥8.45 trillion)
- Participants
- Japan, United States
- Outcome
- Yen rose to ~157 / USD
Sources
Japan confirms first Yen intervention with US in 15 years, signals more if needed
Japan, US intervene to prop up yen after 40-year lows; Trump says it's a 'signal of friendship'
Yen Rises Amid Speculation of More Intervention After US Support
Yen Traders Brace for More Intervention With US at Japan’s Side