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FP Markets Analysis: Japanese Yen at a Crossroads as Markets Weigh Next Move
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FNArena.com
LIMASSOL, Cyprus, Aug. 7, 2026 /PRNewswire/ — The Japanese yen remains a widely discussed currency following a coordinated, record-setting US-Japan intervention that began on 30 July.
Before the intervention, USD/JPY was trading near ¥164 – a 40-year low for the yen.
To shield the bond market from a sell-off, the US Treasury financed its share by selling euros from reserves to buy yen.
FP Markets Chief Market Analyst Aaron Hill commented: ‘To prevent the yen from weakening further, intervention alone is unlikely to be sufficient.
About FP Markets:FP Markets is a global, multi-regulated, award-winning broker established in Sydney, Australia in 2005.