Strategists say the coordinated intervention between Japan and the US increases the risk for anyone betting against the currency. President Donald Trump said the US joined a currency-market intervention that lifted the yen last week as a sign of friendship with Japan.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-08-02/yen-bears-face-risks-on-joint-us-japan-action-strategists-say)