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USD/JPY stays rangebound as Japan weighs potential joint intervention

Japan's Ministry of Finance will publish how much yen it bought from Aug. 27 to Sept. 28, which will help confirm whether the Sept. 18 rate check led to actual purchases.

Reported · Written up by our desk · Major Pairs

USD/JPY was largely steady after a rebound on Friday, with the pair closing just under 157.50 on Monday following most of Friday's drop from around 159.00, according to FXStreet.

FXStreet reports that Japan Finance Minister Katayama said President Trump raised concerns about yen weakness during a New York summit with Prime Minister Takaichi, and that Takaichi confirmed the weak currency was making trade harder for the US.

Katayama also said further joint intervention with the US had not been ruled out, and that she would stay in close contact with Treasury Secretary Bessent on exchange rates.

Japan's Ministry of Finance is scheduled to report how much yen it bought between Aug. 27 and Sept. 28, a disclosure that FXStreet says will indicate whether a rate check reported on Sept. 18 turned into real purchases.

Latest closeUSD/JPY 157.19 ▼0.7%

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