[Market Analysis] Is the 'Second Plaza Accord' coming?… Indications of US-Japan joint intervention in the foreign exchange market and future scenarios

2026-01-26 01:22:03

Source: TokenPost Original Title: [Market Analysis] Is the ‘Second Plaza Accord’ Coming?… Indications of US-Japan Joint Intervention in the Forex Market and Future Scenarios Original Link: https://www.tokenpost.kr/news/insights/326311

Key Points

New York Fed conducts first Yen ‘Rate Check’ since the Fukushima incident in 2011
Potential US-Japan cooperation to prevent Japanese government bond collapse and Yen depreciation highlighted
Experts say it’s more than just verbal intervention—possible real measures to induce dollar weakness

Main Text

Last Friday afternoon, it was revealed that the sharp appreciation of the Yen, which confused global investors, was driven by coordinated actions between US and Japanese authorities. Market speculation is even rising that this could be a re-emergence of the 1985 Plaza Accord, or a ‘Second Plaza Accord(Plaza Accord II)’.

Investors are paying close attention to how joint intervention by US and Japanese authorities in the foreign exchange market could impact the global financial markets, including the cryptocurrency market.

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