This week: U.S. intervenes to help prop up Japanese yen
President Trump confirmed this week that the U.S. would help Japan out as the ally country’s yen has continued to slide downward.
by Summer Lane | August 3, 2026
Following a move from the U.S. and Japan to intervene in the global markets, the Japanese yen’s downward slide seems to have been halted.
According to Reuters, the U.S. and Japan confirmed on Monday their joint effort to buy up yen, which purportedly stopped the plummet of the Japanese currency amid its import-heavy economy.
President Trump on Sunday confirmed the U.S. position on assisting its ally by intervening at this time. “We have a good relationship with Japan, we’re very strong – very, very strong financially,” he said. “…They have a weakening yen, and they wanted a little bit of help, and we’re always there for Japan. Japan’s been very good to us, with the exception, of course, of Pearl Harbor.”
When asked what benefit the United States would reap from helping Japan, the president said, “Financial benefit[s],” he said. “…It’s also good for the world economy.”
He told reporters, “I make good deals.”
According to Reuters’ report, Japan possibly spent over $36 billion buying yen during this intervention, and the U.S. Treasury possibly sold euros. No other details are known at this time regarding the amount that may have been spent.
“The Trump Administration delivers for America’s trusted partners,” said U.S. Treasury Secretary Scott Bessent in a statement.
He continued, “Economic security is national security. And the U.S.-Japan alliance is built on both. Friday’s coordinated foreign exchange actions countered disorderly yen movements.”
In response to this rare intervention, the U.S. dollar dropped against the yen as of Monday morning.
“It was really, more than anything else, it was a signal of friendship,” President Trump said of the joint effort with Japan. “…Our country is doing great. Everybody wants help from our country.”
Photo: Adobe Stock
