Back to today’s briefing

Story perspectives

U.S., Japan Launch Yen-Buy Intervention, Yen Rises to ¥157

8/5/2026

33 3 Full Breakdown

Summary

Story summary

Treasury Secretary Scott Bessent announced a joint U.S.–Japan yen-buying intervention on July 31, 2026.
The Treasury sold euros from reserves to fund the yen purchases.
The move pushed the yen to about ¥157 per dollar, up from a July 23 low near ¥164, the weakest since 1986.
Bessent warned that a weaker yen could trigger competitive devaluations.
He said the United States will act to keep the yen stable, trusting BOJ Governor Kazuo Ueda.

1 of 1

Story summary

Treasury Secretary Scott Bessent announced a joint U.S.–Japan yen-buying intervention on July 31, 2026.
The Treasury sold euros from reserves to fund the yen purchases.
The move pushed the yen to about ¥157 per dollar, up from a July 23 low near ¥164, the weakest since 1986.
Bessent warned that a weaker yen could trigger competitive devaluations.
He said the United States will act to keep the yen stable, trusting BOJ Governor Kazuo Ueda.