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

Odaily · 2026-03-30T10:57:35+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)

Odaily

2026-03-30 10:57:35

Odaily Planet Daily News: In a report, Thu Lan Nguyen of Deutsche Bank said the possibility should not be ruled out that Japan and the United States could jointly intervene in the currency markets to boost the yen and curb the U.S. dollar after the yen’s recent decline. She noted that U.S. Treasury Secretary Bessent had previously played down speculation about 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 ministers of energy and finance meeting held on Monday may provide an opportunity for Japan’s Finance Minister, Aoyama Akizuki, to seek Bessent’s support. (Jin10)

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