U.S. and Japan team up to save the yen? First, check the mood of U.S. Treasury yields—this script is starting to feel more and more like random playback.

CoinWorld news, RBC BlueBay Asset Management analyst Russell Matthews stated that the possibility of a US-Japan joint intervention in the foreign exchange market to boost the yen is currently low. He pointed out that the relative stability of core government bond yields may make the US reluctant to intervene. However, as the yen continues to weaken, Japan's long-term government bond yields may experience greater volatility, for example, with 10-year government bond yields approaching 3.0%. He added that this volatility could spill over into US Treasuries and global government bonds, thus increasing the necessity of joint intervention. The institution maintains a neutral stance on the yen. Matthews noted that intervention measures from Tokyo appear to be "increasingly random and sporadic."