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U.S., Japan Jointly Spend $58.9 B Buying Yen

8/4/2026

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US, Japan Buy Yen

The United States and Japan jointly intervened in foreign-exchange markets on Friday, August 2 2026, to buy Japanese yen.
The U.S. Treasury used euros from its Exchange Stabilization Fund rather than dollars to purchase yen.
Japan’s Ministry of Finance reported buying about $58.97 billion of yen in New York.
Finance Minister Satsuki Katayama and Treasury Secretary Scott Bessent pledged interventions if yen volatility returns.

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US-Japan Yen Purchase

The United States and Japan jointly intervened in foreign-exchange markets on Friday, August 2 2026, buying Japanese yen.
Officials presented the buy-back as a response to the yen’s slide that was raising import prices and inflating household costs in Japan.
Tokyo’s finance ministry reported spending up to $58.97 billion in New York to buy yen before the intervention.
U.S. Treasury Secretary Scott Bessent said Washington would not hesitate to join future yen-buying actions.

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US, Japan Buy Yen

The United States and Japan jointly intervened in foreign-exchange markets on Friday, August 2 2026, to buy Japanese yen.
The U.S. Treasury used euros from its Exchange Stabilization Fund rather than dollars to purchase yen.
Japan’s Ministry of Finance reported buying about $58.97 billion of yen in New York.
Finance Minister Satsuki Katayama and Treasury Secretary Scott Bessent pledged interventions if yen volatility returns.

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