The yen hovers near a 40-year low, intervention risks loom, and markets await signals from the US and Japanese central banks

智通财经2026/07/29 12:26

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The exchange rate of the Japanese yen against the US dollar is still hovering near its lowest level in 40 years. Traders remain highly vigilant, closely monitoring possible foreign exchange interventions by the Japanese authorities to support the yen.
Mitsui Sumitomo Bank's chief foreign exchange strategist, Hirofumi Suzuki, stated that the US Federal Reserve's policy decision and the press conference by the chair could further boost the dollar, pushing the USD/JPY exchange rate up to 164.
He pointed out that, as Japanese financial authorities continue to strengthen their verbal warnings, the likelihood of foreign exchange market intervention has risen significantly. In terms of trigger timing, if the yen weakens further after the Bank of Japan's monetary policy meeting, it could become the catalyst for the authorities to initiate actual intervention measures.

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The yen hovers near a 40-year low, intervention risks loom, and markets await signals from the US and Japanese central banks

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