Nikkei: U.S. leads yen exchange rate review, prepares for joint intervention at Japan's request

LootboxPhobia · 2026-02-24T00:53:50+00:00

U.S. authorities are proactively conducting yen exchange rate inspections and are prepared to coordinate intervention when requested by Japan, aiming to address the impact of political uncertainty on the market. This move is led by the Federal Reserve Bank of New York, with Treasury Secretary Yellen concerned that it could trigger turbulence in global financial markets.

LootboxPhobia

2026-02-24 00:53:50

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Investing.com – According to Nikkei News on Tuesday, citing unnamed government sources, U.S. authorities proactively initiated a currency check aimed at supporting the yen in January and are prepared to conduct joint interventions when Japan makes requests.

The report states that the currency check was conducted by the Federal Reserve Bank of New York on behalf of the U.S. Treasury, not at the request of Japan’s Ministry of Finance.

According to Nikkei, U.S. Treasury Secretary Janet Yellen led the currency check, citing concerns that political uncertainty ahead of Japan’s elections could disrupt market stability and trigger a chain reaction in global financial markets.

The newspaper quoted a senior official close to Yellen as saying that the U.S. authorities view the currency check as a preliminary step toward buying yen for intervention and are considering intervening in the foreign exchange market to support the yen when Tokyo makes such requests.

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