US and Japan Confirm Joint Yen Intervention, Pushing Currency Above 155

Japan and the US confirmed joint currency intervention on August 2–3, 2026, lifting the yen over 1% to 155.20 per dollar, per Reuters. Joint action goes beyond unilateral Bank of Japan operations. It signals political tolerance for direct market involvement that G7 communiqués typically discourage — a notable shift in how governments manage exchange rates.