US-Japan Intervention Looms as Yen Weakness Persists Amid Rising Treasury Yields

The yen continues to weaken against the US dollar, sparking speculation that another coordinated intervention by both countries may be necessary.

This comes as US Treasury yields reach multi-year highs, further intensifying the global yen carry trade.

According to market analysts, a rare joint intervention conducted weeks ago failed to address the currency's weakness permanently.

Gary Dugan, CEO of The Global CIO Office, noted that intervention can alter positioning and disrupt momentum but has not changed the fundamental interest-rate differential favoring the dollar.