Japanese Yen: Joint intervention threat curtails selling – MUFG
MUFG’s Lee Hardman notes that the Japanese Yen has weakened modestly in Asia, with USD/JPY near its 200‑day moving average around 158.00 after recent joint intervention by Japan and the US.
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- Japanese startups are racing to enter defense drone production, as Tokyo seeks to cut reliance on Chinese industrial drones, which control 91% of Japan's market (Mitsuru Obe/Nikkei Asia) asia.nikkei.com
- Joint U.S.-Japanese intervention boosts the yen — but will it be enough? marketwatch.com
- Japanese Yen: Joint action fails to secure lasting gains – Commerzbank fxstreet.com
