Yen Tests 160 Intervention Line Again Amid Global Economic Uncertainty

The Japanese yen continues to test the 160 intervention line again, with USDJPY trading around 159.3 to 159.4 on August 14.

The weakness in the yen follows a sharp reversal from late July, when Japan's Ministry of Finance and the Bank of Japan conducted what Bloomberg estimated at roughly $53 billion, or ¥8.45 trillion, in yen buying on July 30, reportedly the largest single day intervention on record.

This operation drew direct support from the US Treasury under Secretary Scott Bessent, but has not stopped the yen from drifting back toward its prior lows.