Deutsche Bank: Japan and the US may jointly intervene in the yen, and a strong dollar condition is favorable

SmartContractAuditor · 2026-03-30T10:56:26+00:00

Odaily Planet Daily reported that Thu Lan Nguyen from Germany's Commercial Bank stated in a report that following the recent decline of the yen, the possibility of Japan and the United States jointly intervening in the currency market to boost the yen and weaken the dollar should not be ruled out. She pointed out that U.S. Treasury Secretary Janet Yellen had downplayed such speculation in January, but at that time, the dollar was weakening. Currently, with the dollar strengthening, conditions for coordinated intervention appear more favorable. The G7 central bank governors, energy, and finance ministers' meeting held on Monday may provide a good opportunity for Japanese Finance Minister Shōzō Katō to seek support from Janet Yellen. (CoinDesk)

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2026-03-30 10:56:26

Odaily Planet Daily News: In a report, Deutsche Bank’s Thu Lan Nguyen said that after the yen’s recent decline, the possibility that Japan and the United States could jointly intervene in the FX market to prop up the yen and suppress the dollar should not be ruled out. She noted that U.S. Treasury Secretary Bessent previously played down speculation of such intervention in January, but at that time the dollar was weakening. With the dollar now strengthening, the conditions for coordinated intervention appear more favorable. The G7 central bank governors’ and energy and finance ministers’ meeting held on Monday may provide an opportunity for Japan’s Finance Minister Ayumu Katayama to win Bessent’s support. (Jin Shi)

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