Shintaro Inkyo and Masahiro HidakaAug 1, 2026 – 6.25pmThe United States joined Japan in engineering one of the most notable rebounds in the yen since the currency began its years-long slide, a decline that’s stoked inflation in the Asian nation and rippled through global markets.At the close of New York trading on Friday, the yen was quoted at 157.40 to the dollar, the strongest since early May. Just two days earlier it was flirting around the weakest levels since 1986, sounding alarm bells in Tokyo as rising import costs squeeze businesses and consumers.BloombergSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
US Treasury undertakes historic intervention in Japanese yen
Coordination between Japan and the United States now appears to be the tightest in decades, fuelling one of the most notable rebounds since the yen began its years-long slide.
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