US Treasury Secretary Scott Bessent reaffirmed Washington’s support for Japan following the historic joint currency intervention. According to the Bank of Japan, Tokyo deployed approximately 5.33 trillion yen during Friday’s operations to support the currency. However, rising real wages and signals from the Bank of Japan may support further yen strength. Technically, USD/JPY appears to be consolidating around 157.17, with a potential pullback towards this level before resuming an upward move to 159.10. The pair’s direction remains uncertain, hinging on further intervention, Bank of Japan policy signals, and global risk sentiment.