Business
Yen: US and Fed Help Japan Reverse Months of Losses
On August 1, 2026, the Japanese yen recorded one of its most notable rebounds since the beginning of its multi-year decline, according to Bloomberg. US Treasury Secretary Scott Bessent and the Federal Reserve (Fed) coordinated with Japan to orchestrate this reversal. The rebound reverses months of accumulated losses for the currency. The prolonged yen slide had fueled inflation in Japan and rippled across global financial markets, prompting coordinated international intervention to stabilize the exchange rate and contain broader economic impacts.