Katayama is expected to stress that both governments are prepared to counter what they view as excessive declines in the Japanese currency. One official confirmed that the announcement would refer to "joint action" and said the operation remained ongoing. The move would mark the first coordinated currency intervention by Japan and the U.S. since 2011. Bessent had said last week that the Japanese currency appeared significantly undervalued. Related articlesJapan to announce joint yen intervention with US, sources say - Reuters5 reasons why Jefferies thinks Meta's pullback is a buying opportunityWolfe Research outlines eight risks that could spark stock declines in 2026