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USD And JPY: Trump, Bessent Intervene to Rescue a Weakening Japanese Yen

Bloomberg Markets Tuesday 04 August 2026, 19:52 UTC By Naomi Ng, Yang Yang, Rachael Lewis-Krisky and Victor Swezey 1 min read
Key Points

Big Take Asia Podcast Why a Weak Yen Is America’s Problem One of the most dramatic foreign exchange market interventions in decades aims to stabilize the slumping yen — and stave off a larger crisis. Never miss an episode. Follow The Big Take Asia podcast today.

Big Take Asia Podcast Why a Weak Yen Is America’s Problem One of the most dramatic foreign exchange market interventions in decades aims to stabilize the slumping yen — and stave off a larger crisis. Never miss an episode. Follow The Big Take Asia podcast today. As the Japanese yen hit a 40-year low against the US dollar, Japan's government stepped in to support its currency. And it has a powerful ally in US President Donald Trump, who is putting the US financial might behind the historic currency intervention in what he called a “signal of friendship.”
JPY (ORG) Trump (ORG) Bessent Intervene to (ORG) Japanese (ORG) Asia (LOCATION) US (LOCATION) Japan (LOCATION) Donald Trump (PERSON)
Originally published by Bloomberg Markets Read original →

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