US Treasury Makes Rare Yen Purchase as Japan Battles Currency Slide
Washington's direct market intervention marks a sharp departure from decades of hands-off policy as the yen hovers near four-decade lows
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Washington's direct market intervention marks a sharp departure from decades of hands-off policy as the yen hovers near four-decade lows

Joint intervention lifts yen from four-decade lows and strengthens won by 2 percent, signaling aligned policy goals across Pacific economies.

Bank of Japan data points to massive yen-buying operation as currency jumps 3% against the dollar in New York trading

Central bank data signals Tokyo's largest single-day intervention in three months as officials battle currency weakness ahead of policy decision

A Reuters photograph captured the Treasury Secretary's to-do list during a Camp David cabinet meeting, signaling potential intervention in Japan's currency market

Washington steps into currency markets alongside Tokyo as the yen trades near four-decade lows, deploying major Wall Street banks to execute purchases

Treasury notifies major banks to prepare for possible currency action as dollar-yen swings threaten Asia-Pacific stability

South Korean authorities intervened in foreign exchange markets Thursday, driving the won to its strongest level since October amid coordinated regional action.

Tokyo's apparent intervention last week marks a return to direct market action, though currency strategists question how long the support will hold.

Jakarta extends favorable foreign exchange treatment to China, Australia, and Canada alongside the US, signaling a recalibration of trade priorities as regional competition for investment intensifies

Treasury maintains monitoring despite Seoul's current account surplus and robust economic indicators

Ten Asian and European economies stay under enhanced scrutiny as Washington expands monitoring to include resistance against depreciation alongside traditional intervention concerns

Vietnam's commercial hub recorded just over $4 billion in overseas transfers during the first half of 2026, with tighter immigration rules and shifting capital flows dampening inflows from key markets.

A $3.4 billion external account surplus in June narrows the first-half deficit as government borrowing and easing oil prices strengthen the peso corridor.

Finance Minister Satsuki Katayama signals readiness for intervention as currency depreciation accelerates beyond four-decade lows

Currency gains 19 paise to 95.16 in early trading as dollar index retreats, but corporate hedging and forex reserve rebuilding constrain upside

Beijing's massive trade surplus is shifting from central bank coffers into private investment channels as companies and investors hunt for higher returns

The local currency hit its weakest level since March as a surging greenback and capital outflows triggered the steepest monthly reserve decline in four months

Southeast Asia's manufacturing hub posted accelerating growth in the second quarter, but a widening trade imbalance threatens to constrain its ambitious 10% annual target