Story perspectives

Yen Gains 1% After First Japan-U.S. Joint Intervention Since 1998

8/5/2026

Summary

Story summary

Japan and the United States carried out a coordinated yen-buying intervention on August 2 2026, the first joint action since 1998.
Japan’s finance ministry reported spending up to $53.7 billion on yen purchases.
Finance Minister Satsuki Katayama and Treasury Secretary Scott Bessent each said their countries will not hesitate to conduct further coordinated yen-buying interventions.
The yen rose more than 1 % to about 155.20 per dollar after the intervention, its strongest level since early May.

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Story summary

Japan and the United States carried out a coordinated yen-buying intervention on August 2 2026, the first joint action since 1998.
Japan’s finance ministry reported spending up to $53.7 billion on yen purchases.
Finance Minister Satsuki Katayama and Treasury Secretary Scott Bessent each said their countries will not hesitate to conduct further coordinated yen-buying interventions.
The yen rose more than 1 % to about 155.20 per dollar after the intervention, its strongest level since early May.