Japan-U.S. yen intervention signals more currency action to come

Japan and the United States carried out a rare, coordinated yen-buying intervention (reportedly up to about $36.6 billion) to stem the yen’s slide to 40-year lows, with the yen jumping toward the 155 per dollar level and officials signaling readiness for further action. The move intensifies focus on BOJ policy, with markets eyeing a potential September rate decision, and includes talks of expanding the Fed’s dollar-liquidity facility to ease funding for future interventions.