US-Japan Intervene to Stabilize Yen, But Trend Remains Weak

A joint effort by the US and Japan to intervene in foreign exchange markets may temporarily stabilize the yen, but experts predict that it won't be enough to reverse its long-term decline.

The Oxford Economics report suggests that the coordinated intervention will likely have a more lasting impact than past unilateral interventions, but still not enough to halt the trend of yen weakness.

In fact, the research briefing assumes that the yen will strengthen slightly in the coming months, although it maintains its forecast for year-end and 2027.