USD/JPY rises 0.26% to 157.60 after Tokyo and Washington confirm coordinated currency intervention but withhold effectiveness assessment.
Japan’s Finance Minister Satsuki Katayama refused to evaluate the success of Monday’s joint Yen-buying intervention with the US Treasury. The move marked the first coordinated action since 2022, yet Katayama offered no further details on potential next steps or market impact.
Prior to the intervention, USD/JPY traded near 160, a level last seen in 1990. Analysts had expected Tokyo to act if the pair breached 158-160, citing persistent Yen weakness driven by the Bank of Japan’s ultra-loose policy divergence with the Federal Reserve.
At publication, USD/JPY climbed 0.26% to 157.60, paring earlier losses but remaining below pre-intervention highs.