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fxAug 5, 2026, 10:16 AM

USD/JPY Holds Steady After Intervention, Outlook Uncertain

USD/JPY traded near 157.47 on Wednesday as the yen paused its recent strengthening. US Treasury Secretary Scott Bessent reaffirmed support for Japan's currency intervention.

USDJPY

USD/JPY fell to 157.47 on Wednesday, with the Japanese yen putting its recent strengthening on hold. The move came after the pair had been under pressure from intervention concerns.

US Treasury Secretary Scott Bessent reaffirmed Washington's support for Japan following what he described as a historic joint currency operation.

However, the near-term outlook remains uncertain for the pair as traders assess next steps.

Source: FXStreet Forex News