Mitsubishi UFJ Bank said the prospect of foreign-exchange intervention is helping slow the pace of the yen’s weakening.
According to Jin10, Mitsubishi UFJ analyst Lee Hardman wrote in a report that intervention expectations are currently acting as a brake on further yen losses.
Japan’s Finance Minister Satuki Katayama said on Tuesday that she and U.S. Treasury Secretary Bessent agreed to take bold steps on exchange rates if necessary. The remarks fueled speculation that the United States and Japan could carry out coordinated intervention, which would be more effective in pushing down the U.S. dollar against the yen.
Separately, minutes from the Bank of Japan’s June meeting showed support for further interest-rate hikes, but the signal did not strengthen the yen.
Mitsubishi UFJ: Intervention Prospects Slow the Yen’s Decline
2026-06-24 17:43:32
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