미-일, 엔저 막고자 150조 썼는데…5영업일만에 효과 절반 사라져

A joint US-Japan effort temporarily reversed the rising trend of the yen's value, allowing it to fluctuate between 159 yen and 157 yen within a five-day period. Previously, the dollar-to-yen exchange rate had dropped to 155 yen 20 cents in just three days. US intervention stemmed from the expectation that Japan's Bank of Japan would soon raise its benchmark interest rate.

While the joint intervention proved effective on a temporary basis, its impact was halved after five business days. Analysts suggest that structural reforms, such as the Bank of Japan's interest rate hike, are necessary to address the underlying issues affecting the yen's value. The ongoing geopolitical unrest, including US-Iranian negotiations and attacks on Saudi Aramco facilities, further contributes to instability in the international market and exacerbates the depreciation of the yen.