---
title: "The World's Biggest Carry Trade Just Blinked"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294673114.md"
description: "US joins Japan in FX interventionJapan's latest effort to support the yen took an unexpected turn as US authorities reportedly joined coordinated FX intervention for the first time since 1998. Historically, such operations have been reserved for periods of severe financial stress. JPM believes the move signals a much stronger commitment from Washington to prevent further yen weakness than previously assumed."
datetime: "2026-08-03T09:51:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294673114.md)
  - [en](https://longbridge.com/en/news/294673114.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294673114.md)
generator: "portal-rs"
---

# The World's Biggest Carry Trade Just Blinked

## **US joins Japan in FX intervention**

Japan's latest effort to support the yen took an unexpected turn as US authorities reportedly joined coordinated FX intervention for the first time since 1998. Historically, such operations have been reserved for periods of severe financial stress. JPM believes the move signals a much stronger commitment from Washington to prevent further yen weakness than previously assumed.

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- [JPM.US](https://longbridge.com/en/quote/JPM.US.md)
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- [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**