Pro Ultr Yen

Merrill Lynch upgrades Yen rating to neutral, lowers 2026 USD/JPY forecast

Japan May Intervene to Prevent Sharp Yen Selling

Tokyo Authorities Fail to Break Through 155 Yen Mark After Multiple Interventions

Japanese official refrains from commenting on yen appreciation

Yen Exchange Rate Rises Suddenly

Japanese Finance Minister States That Foreign Exchange Fluctuations Will Be Adjusted According to US-Japan Agreement

Japan MOF instructs BOJ to intervene in forex market to stabilize yen

Japan Does Not Confirm Further Intervention in Yen

BOJ Intervenes in Foreign Exchange to the Scale of About 5.4 Trillion Yen

Japanese Yen Weakens Against US Dollar to 160

BoJ Interest Rate Decision Drives USD/JPY Below 159

BOJ Expected to Maintain Interest Rates Amid Concerns Over Weak Yen

Yen to US Dollar Exchange Rate Dips to 159.68

Japan and US Confirm Cooperation on Foreign Exchange at Deputy Ministerial Level

Yen rises more than 1% against the dollar, hits high of 158.13

Yen falls to lowest level of the year against USD, market expects higher intervention threshold

BOJ Suggestion of Rate Hike Causes Yen to Rally Against USD

Yen Rises Against the Dollar During Trump's State of the Union Address

USD/JPY falls to 154.10

USD/JPY Meets Resistance, Market on Alert for US-Japan Intervention

InMed Pharmaceuticals

AMPLITECH GROUP INC. USD0.001 S/R 20/11/26 SER B

Amesite

CN Energy

AMPLITECH GROUP INC. COM USD0.001 (S/R 18/07/2026)

NextNRG

Meiwu Tech

Generation Income Properties

MetaVia

OceanPal

USDU

The US dollar rose against major currencies early Wednesday, except for a decline against the yen, as markets await the FOMC minutes. Mortgage applications fell due to high mortgage rates. EUR/USD and GBP/USD both declined, while USD/CAD rose. Upcoming central bank meetings include the ECB on June 11, BoE on June 18, and BoJ on June 15-16.

Fidelity

Invesco Db Dlr Idx Bearish ETF

Pro Ultrshrt Yen

Invesco DB US Dollar Index Bullish Fund

Wtree Bbg Usd Bull

Currencyshares JPY Trust

US Dollar Rises Early Wednesday, Focus on FOMC Minutes

GS-A

GS-D

GS-C

Goldman Sachs warns that Japan's intervention alone won't stabilize the USD/JPY exchange rate, which is approaching the 160 level. The firm cites negative factors for the yen, including high oil prices, US economic strength, and persistent high interest rates. They express skepticism about the effectiveness of intervention without a more hawkish stance from the Bank of Japan (BOJ) or increased recession concerns. Additionally, rising yields and fiscal worries complicate the BOJ's position, potentially leading to further declines in the yen's value.

Investinglive

GOLDMAN SACHS GROUP INC DEP SHR REP 1/1000TH PFD SER A

GOLDMAN SACHS GROUP INC DEP REP 1/1000TH PRF D

Goldman Sachs

GOLDMAN SACHS GROUP INC DEP SHS REPSTG 1/1000TH PRF SER C

GS Hldg R

Intervention alone won't be enough to pin down USD/JPY, says Goldman Sachs

Japan's bond market is showing signs of recovery as the Bank of Japan reduces bond purchases, improving market functionality. A recent BOJ survey indicated a rise in the diffusion index from negative 26 to negative 16. However, rising yields reflect a loss of confidence in government and BOJ policies, potentially leading to yen depreciation and increased inflation concerns, which could further drive up bond yields.

CoinLive

Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial

Japan's Bond Market Shows Signs of Recovery Amid Yield Surge

Economist Peter Schiff warns that rising Japanese bond yields, now at a 29-year high, could lead to global financial repercussions. He describes a 'real crash' in the making as Japan shifts from ultra-low interest rates and aggressive fiscal policies. The surge follows Japan's record budget approval, raising concerns of a potential debt crisis. Additionally, the yen's decline prompts warnings of possible currency intervention by the Bank of Japan.

benzinga_article

Peter Schiff Says 'Real Crash' In The Making As Japan Bond Yields Spike To Record Highs In 29 Years: 'Fiscal Chickens Are Coming Home To Roost'

Japanese bond yields are rising, but strategist Shota Ryu from Mitsubishi UFJ Morgan Stanley Securities believes this will not lead to yen appreciation. He cites concerns over Japan's fiscal health and declining trust in the Bank of Japan's monetary policy. Ryu warns that yen depreciation may increase inflation expectations, leading to further yield rises, and emphasizes the need for government and Bank of Japan actions to restore credibility.

Japanese Bond Yields Unlikely to Boost Yen, Says Strategist

SNEX

The dollar is still in a solid uptrend against the yen, but two-way volatility is rising, based on the one-hour chart, StoneX said.

StoneX

Dollar in solid uptrend vs. yen, but volatility rising

Risks of foreign exchange intervention by Japanese authorities to prop up the yen against the dollar were rising again as the key 160 yen level comes back into focus, FOREX.com said.

FX intervention risks rising again as 160 yen comes back into focus

Japanese government bond (JGB) yields remain near record highs ahead of a 20-year bond auction, with the 10-year yield at 2.795% and the 40-year yield reaching 4.395%. Persistent inflation fears and a potential increase in JGB issuance are pressuring the market. Analysts expect weak auction results due to rising term premiums. The Bank of Japan's hawkish stance raises speculation of a rate hike, while Japan's GDP growth of 2.1% suggests resilience against higher borrowing costs.

fidelity

ISHRS MSCI Japan

Barclays

JGB yields hold near multi-decade highs before 20-year auction tests market

The dollar-won exchange rate exceeded 1,510 in early trading, reaching 1,511.33 won. According to NS3.AI, on Upbit's KRW market, USDT was traded at 1,490 won, indicating a reverse kimchi premium of approximately 1.5%.

Dollar-Won Exchange Rate Surpasses 1,510 Amid Reverse Kimchi Premium

The dollar gained 0.16% against the Japanese yen, reaching 159.09 yen per dollar. This marks the seventh consecutive session of gains, totaling a 1.54% increase over this period. The dollar is up 11.59% from its 52-week low and 10.09% year-over-year. It is currently 0.84% off its 52-week high. Month-to-date, the dollar has risen 1.58%. This is the longest winning streak since October 2025.

MorningStar

Dollar Gains 0.16% to 159.09 Yen — Data Talk

Pro Ultr Yen(YCL.US)