US, Japan, and South Korea Join Forces to Support Yen. Forecast as of 03.08.2026

Over the past few weeks, the USD/JPY pair has been trading amid concerns about potential currency interventions. Eventually, the Forex market saw them happen. The coordinated intervention was meant to further temper speculators. Let's discuss this topic and develop a trading plan.Major Takeaways The yen was supported by a coordinated intervention. The Bank of Japan's sluggish response is helping the USD/JPY. The US does not want to allow Treasury yields to rise. Long positions can be considered