Japan and US Stage Rare Joint Intervention to Stabilize Yen

Japan and the United States have confirmed that they conducted a joint intervention in the yen market to stabilize its value against the US dollar. The move was made on August 3, 2026.

A woman in front of an electronic screen displaying graphs showing the current and recent Japanese Yen exchange rate against the U.S. dollar was photographed by Issei Kato after the intervention.

The joint intervention is a rare instance of coordinated action between two major economies to influence currency values.