Bloomberg Surveillance · Monday, August 3, 2026
Japan and the US have jointly intervened in the currency market to support the Japanese Yen. This move is seen as a smarter strategy than previous solo interventions by Japan, which were largely unsuccessful in curbing the Yen's decline. The intervention is intended to signal to the market that speculating against the Yen is no longer a 'free lunch'.
“So moving in together with the Americans is a much more smarter move, and it's much more likely to have some success in it.”
“It's not going to change the fact that the en is a week currency, but it might be more successful and it's a very very strong signal to the marketing, particularly because it seems to be the case that they might be further intervention if need be.”
“I mean, we have been having these problems that investors have been speculating heavily against the currency, and maybe this move will at least curtail this happening in the future.”