Yen Surrenders Nearly Half Its Gains from US-Japan Interv…

The Japanese yen has significantly lost value after initially gaining from a recent intervention by Japan and the US. As of Friday, the yen traded at 158.40 against the dollar, down from a high of 155.23 earlier in the week. This decline has raised concerns among traders about the potential for further market intervention, as the currency was close to a four-decade low at 164 per dollar before the intervention.

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By Mia Glass

August 7, 2026 at 12:04 AM UTC

Updated on August 7, 2026 at 4:43 AM UTC

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The yen is heading into the end of the week having surrendered nearly half of its intervention-driven gains, fueling speculation among traders that authorities may step into the market again.

The currency traded around 158.40 versus the dollar on Friday afternoon, well off the strong point of 155.23 reached on Monday. It had been near a four-decade nadir around 164 per dollar last week before the first joint yen-buying operation from Japan and the US since 1998.

Read Original at Bloomberg.com →

Yen Surrenders Nearly Half Its Gains from US-Japan Intervention