US Treasury Secretary Bezent posted on social media platforms on the evening of August 2, local time, that “the foreign exchange intervention coordinated by the US and Japan has effectively curbed disorderly fluctuations in the yen exchange rate,” and that the Trump administration strongly supports “the market and monetary policy measures taken by Japan to correct the sharp undervaluation of the yen.” Bessent said the US Treasury Department is closely monitoring the situation and will “not hesitate to participate in further joint intervention.” Japan's Finance Minister Katayama Satsuki also confirmed today that Japan and the US have collaborated to intervene in the foreign exchange market. She also said, “We will not hesitate to further join forces to implement foreign exchange market intervention in the future.” According to Japanese media reports today, in order to curb the historic depreciation of the yen, the monetary authorities of Japan and the United States joined forces last week to intervene in the foreign exchange market to buy yen. In the international foreign exchange market, the trend of buying and selling the US dollar dominates. The yen exchange rate once rose to the range of 1 US dollar to 156 yen — it reached this level again after a lapse of about 3 months since the beginning of May this year.

US Treasury Secretary Bezent posted on social media platforms on the evening of August 2, local time, that “the foreign exchange intervention coordinated by the US and Japan has effectively curbed disorderly fluctuations in the yen exchange rate,” and that the Trump administration strongly supports “the market and monetary policy measures taken by Japan to correct the sharp undervaluation of the yen.” Bessent said the US Treasury Department is closely monitoring the situation and will “not hesitate to participate in further joint intervention.” Japan's Finance Minister Katayama Satsuki also confirmed today that Japan and the US have collaborated to intervene in the foreign exchange market. She also said, “We will not hesitate to further join forces to implement foreign exchange market intervention in the future.” According to Japanese media reports today, in order to curb the historic depreciation of the yen, the monetary authorities of Japan and the United States joined forces last week to intervene in the foreign exchange market to buy yen. In the international foreign exchange market, the trend of buying and selling the US dollar dominates. The yen exchange rate once rose to the range of 1 US dollar to 156 yen — it reached this level again after a lapse of about 3 months since the beginning of May this year.