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Yen erases half of intervention gains as traders test Japan and U.S. authorities

The Japanese currency weakened by 1%, ending the session at ¥159.29 per dollar, marking the worst performance among Group-of-10 peers on Monday.

11 Aug 2026 1 min 0
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Yen erases half of intervention gains as traders test Japan and U.S. authorities

The yen saw the worst performance among Group-of-10 peers on Monday as it weakened to the ¥159 level against the dollar. | REUTERS

Aug 11, 2026

The yen swung to a loss, sapping momentum from efforts by the U.S. and Japan authorities to boost the currency.

The Japanese currency weakened by 1%, ending the session at ¥159.29 per dollar, marking the worst performance among Group-of-10 peers on Monday. Those declines wiped out half of the yen’s recent intervention rally, a psychologically significant move for traders who remain on alert for further official support.

“Without fresh intervention, it will continue to drift lower,” said Lee Ferridge, a strategist at State Street. “It seems that the market is disappointed that we didn’t see more intervention.”

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