The yen's weakness intensifies as half of the gains from the historic USD/JPY intervention have now evaporated.

智通财经2026/08/10 15:21

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The yen's decline has extended, with more than half of the gains sparked by the historic joint intervention by the United States and Japan now erased. The currency fell as much as 0.8% against the US dollar on Monday, touching 159.06, making it the worst performer among the G10 currencies. After dropping to nearly a 40-year low around 164 against the dollar, Japan and the United States launched their first joint yen-buying action since 1998 earlier this month. This intervention briefly pushed the yen up to around 155, but its upward momentum has since faded.

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智通财经•2026/08/10 17:01

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