The yen briefly strengthened to 155.20 following coordinated intervention but erased losses to trade above 158.
USD/JPY fell toward 155.20 after Japan and the U.S. confirmed coordinated currency intervention, marking a sharp but short-lived reaction. The pair opened near 157.58 before the drop but recovered swiftly, trading above 158 later in the session.
Prior to the intervention, USD/JPY had stabilized around 157-158, reflecting market expectations of policy shifts. The move follows recent verbal warnings from Japanese authorities about excessive yen weakness, though the impact proved temporary.
Markets are now focused on further policy signals, with traders assessing the sustainability of intervention effects amid broader USD strength.