JPMorgan2026-08-03 00:21:49JPMorgan warns U.S. Treasury has limited room for FX interventionJPMorgan has warned that the U.S. Treasury may face constraints in sustaining foreign-exchange intervention because its reserve pool is limited. The note came after the Treasury, acting through the Federal Reserve Bank of New York, carried out its first yen-buying operation in a decade, with the size estimated at roughly $5 billion to $10 billion. Analysts said the Treasury operates differently from the Federal Reserve, whose balance sheet can be expanded. By contrast, the Treasury relies on a fixed pool of resources. If more intervention is needed, it may have to resort to what the analysis described as “extraordinary measures” to add firepower. The report also said the psychological deterrent effect of intervention could weaken if markets become more concerned that the Treasury’s reserves may be depleted quickly.1830
Bessent2026-08-02 23:42:47Bessent says US coordinated with Japan to support yen intervention last FridayUS Treasury Secretary Bessent said Washington coordinated foreign-exchange action with Japan last Friday to address what he described as disorderly moves in the yen, according to BlockBeats. He said the US government supports trusted partners and framed the US-Japan alliance around both economic and national security. Bessent added that the Treasury is closely monitoring developments and remains in close contact with officials at Japan’s Ministry of Finance and the Bank of Japan. He also said the US would not hesitate to join further coordinated intervention if needed. In addition, Bessent described the Foreign and International Monetary Authorities repo facility, or FIMA repo facility, as an important backstop and said its scale should be expanded in the coming months. He also voiced strong support for Japan’s market and monetary steps aimed at correcting what he called a sharply undervalued yen.1830
U.S.-Iran tal2026-08-02 23:25:23Trump says U.S.-Iran talks will restart Monday as oil drops more than 7% and yen intervention draws focusU.S. President Donald Trump said talks with Iran will restart on Monday, a move that eased tension in the Middle East and quickly shifted sentiment across global markets. Brent crude fell more than 7% at the open as traders reacted to lower geopolitical risk and to a modest increase in output quotas from OPEC+. Trump also said the U.S. had agreed to cancel a large-scale military operation against Iran, following requests from Saudi Arabia and other regional allies, and would instead pursue negotiations to reopen the Strait of Hormuz. Risk appetite improved alongside the drop in oil. S&P 500 futures moved higher in early trading after the cash index gained 0.7% on Friday, while AUD/USD led gains among risk-sensitive currencies. Currency markets were also watching the yen after a joint intervention by Tokyo and New York last week triggered a sharp rebound. Trump described the move as a "signal of friendship," and Japanese Finance Minister Satsuki Katayama was expected to formally announce joint action as soon as Monday, with U.S. Treasury Secretary Scott Bessent expressing strong support through the media. In crypto, Bitcoin briefly fell below 63K over the weekend before rebounding as U.S.-Iran tensions showed signs of easing. The Fear and Greed Index rose from 32 to 35, still near the top of the fear zone, while the Altcoin Season Index climbed to 57. The Binance ecosystem segment posted the largest gain.1960
Japan Ministr2026-08-02 23:05:41Japan finance ministry and U.S. jointly bought yen last FridayChainCatcher reported, citing Jin10, that Japan’s Ministry of Finance carried out a coordinated yen-buying intervention with the United States last Friday. According to the report, the two sides jointly purchased the yen. The item was published as a 7x24 news flash, and no additional figures or operational details were disclosed in the source text. The report identifies last Friday as the timing of the intervention and names Japan’s Ministry of Finance, the United States, and the yen as the central elements of the event. Beyond that, the source does not provide transaction size, market levels, or further official comment.1870
Yen2026-08-02 02:18:56U.S. and Japan reportedly team up for first joint FX intervention in nearly 30 years to support the yenThe United States and Japan have reportedly coordinated a direct intervention in the foreign exchange market to support the yen, marking the first joint move of its kind in nearly three decades. According to reports cited by ABMedia, the operation was carried out by the Federal Reserve Bank of New York on behalf of the U.S. Treasury, with the transaction structured as selling euros and buying Japanese yen. Sources cited by the Financial Times and Reuters said the two governments entered the market on Friday, while Nikkei reported that Japan was conducting large-scale yen-buying intervention. Goldman Sachs and Morgan Stanley were said to have played key roles in facilitating the cross-border trade, and European Central Bank officials were reportedly informed in advance. Reuters also said the New York Fed had conducted a rate check on USD/JPY through several FX banks a day earlier, a step widely seen in currency markets as a sign that direct intervention may be imminent. Before publication, the dollar had fallen to 157 against the yen.2010
Japan2026-08-02 01:28:58Japanese officials say Tokyo and Washington acted together to slow yen depreciationTwo Japanese government officials told Reuters on Aug. 2 that Finance Minister Katsunobu Kato is set to announce on Monday that Tokyo and Washington have taken joint action in the currency market to stop the yen’s decline. One source said Kato is also expected to stress the two countries’ resolve to counter excessive weakness in the Japanese currency. When asked whether he would explicitly describe the move as a “joint action,” one source answered yes and added that “the action is still ongoing.” The report followed earlier remarks from market sources, who said Japanese and U.S. authorities had conducted multiple rounds of yen-buying operations. Reuters said that, if confirmed, the moves would mark the first such coordinated intervention since 2011. The buying was aimed at supporting the yen after it fell to its weakest level against the U.S. dollar since 1986.1880
Japan2026-08-02 01:13:42Report says Japan to announce joint U.S.-Japan intervention to support the yenAccording to a report cited by ChainCatcher from Jinshi, Japanese Finance Minister Satsuki Katayama is set to announce on Monday that Tokyo and Washington have taken joint action to curb the yen’s depreciation. The report also said the coordinated intervention by Japan and the United States in the yen market is still ongoing. No further details on the scale, timing, or mechanism of the intervention were provided in the brief. The update was published as a 7x24 newsflash by ChainCatcher, citing Jinshi as the source.1910
Japanese yen2026-07-30 20:52:42Yen Jumps to 157.8 Per Dollar as Japan and U.S. Are Said to Have Coordinated FX ActionThe Japanese yen surged sharply against the U.S. dollar during Thursday’s U.S. trading hours, briefly reaching 157.8 yen per dollar, according to a report cited by ChainCatcher from Jin10. People familiar with the market situation said Japan’s government and the Bank of Japan carried out currency intervention by buying yen and selling dollars. The same report said U.S. monetary authorities also conducted what was described as an “exchange rate check,” a step seen as preceding intervention. Based on those developments, the move was interpreted as coordinated action by Japan and the United States to curb further yen weakness. The report did not provide additional operational details beyond the level touched in trading and the description of the intervention steps.1820
