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Japan and U.S. jointly intervened to stabilize yen amid sharp currency swings

Market News
02 Aug 2026
CNBC
View Source
Neutral
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Japan's Finance Ministry and the U.S. Treasury conducted a rare coordinated yen-buying intervention to counter disorderly movements and excessive volatility in the yen. The yen had weakened sharply to 163.73 per dollar before strengthening to around 157.70 after the intervention. Both countries pledged to maintain close communication and not hesitate to conduct further joint interventions if needed. This move reflects strong cooperation between the allies to support global economic stability and correct the yen's undervaluation.

More News

BitGo CEO challenges Anthropic AI to hack a 100 BTC wallet worth $6.3M to prove AI hacking claims.

BitGo CEO challenges Anthropic AI to hack a 100 BTC wallet worth $6.3M to prove AI hacking claims.

BitGo CEO Mike Belshe has publicly challenged Anthropic to demonstrate its AI's real-world hacking ability by attempting to access a Bitcoin wallet containing 100 BTC, valued at about $6.3 million. This challenge follows Anthropic's report that three...

Market News
Neutral
4 hours ago
Insured losses from Kumamoto earthquake estimated between JPY 220-340 billion (USD 1.4-2.1 billion)

Insured losses from Kumamoto earthquake estimated between JPY 220-340 billion (USD 1.4-2.1 billion)

A magnitude 6.8 earthquake struck near Kumamoto City, Japan, on July 28, causing widespread damage and disrupting key manufacturing hubs. Verisk Analytics estimates insured property losses from the quake between JPY 220 billion and JPY 340 billion (a...

Market News
Bearish
4 hours ago
Craig Wright calls for Bitcoin protocol to remain unchangeable to preserve decentralization.

Craig Wright calls for Bitcoin protocol to remain unchangeable to preserve decentralization.

Craig Wright reignited debate on Bitcoin's future by insisting its base protocol must stay immutable to maintain true decentralization. He argues that allowing changes to Bitcoin's core rules concentrates power among a few, undermining the network's ...

Market News
Neutral
4 hours ago
XRP, Bitcoin, Cardano, and Solana show mixed consolidation amid cautious market sentiment.

XRP, Bitcoin, Cardano, and Solana show mixed consolidation amid cautious market sentiment.

XRP faces resistance near $1.09-$1.20 with weak momentum and low volume, indicating uncertain direction. Bitcoin consolidates around $63,000 below key moving averages, showing no clear trend reversal yet. Cardano rallies nearly 9%, breaking above sho...

Technical Signals
Neutral
4 hours ago
ALT5 Sigma moves $99.7M WLFI amid $853M unrealized losses; WLFI price rebounds but spot market stays bearish

ALT5 Sigma moves $99.7M WLFI amid $853M unrealized losses; WLFI price rebounds but spot market stays bearish

ALT5 Sigma transferred 1.815 billion WLFI tokens worth $99.77 million to a new address, possibly as an internal reorganization, while holding 7.28 billion tokens with $853.24 million in unrealized losses. Despite this, WLFI's price rebounded from $0....

Market News
Neutral
4 hours ago
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