Speculation of Joint Intervention Drives Japanese Yen Surge as US Dollar Falters
The Japanese yen rose sharply on Monday amid reports of potential currency intervention by Tokyo and Washington. The move sparked a global selloff in the dollar.
Insights:
On January 26, 2026, the Japanese yen surged 1.5% to reach 153.405 per dollar, marking its strongest level since early November 2025. This rally follows intense speculation that authorities in Japan 
JPand the United States 
USmay be preparing for a coordinated currency intervention. The Japanese yenhas now rallied over 3% from the low seen on Friday, as investors rush to exit short positions in the currency and reduce their holdings of the greenback.
JPand the United States USmay be preparing for a coordinated currency intervention. The Japanese yenhas now rallied over 3% from the low seen on Friday, as investors rush to exit short positions in the currency and reduce their holdings of the greenback.
