Japan, U.S. conduct first coordinated yen-buying intervention in 15 years, FinanceKatayama confirms Monday
Japan and the United States carried out a coordinated yen-buying currency intervention for the first time in 15 years, Japanese Finance Minister Satsuki Katayama said Monday. The action took place Friday during New York trading after the yen touched 163.99 to the dollar on July 23, its weakest in roughly 40 years; the yen then surged to the lower 157 range. The move was taken under a September 2025 U.S.-Japan finance ministers' joint statement to counter excessive volatility.
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Japan to announce that Tokyo and Washington took joint action on the yen, sources say, in a coordinated move between the two allies that points to currency intervention.
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