"This coordinated intervention should be viewed not just as a temporary yen-buying operation, but as a broader policy signal spanning FX, JGBs, Treasuries, and BOJ normalization... carry trades will re-emerge once the adjustment has run its course." - Goldman Sachs

Japan and the U.S. may unveil a joint policy next week to defend the yen after record interventions in April and May.

Japan and the US conducted a rare coordinated yen intervention, raising volatility risks for carry trade speculators and currency markets

Trump says US intervening to prop up yen as sign of friendship

..."they're gonna need a bigger boat..."