The yen once fell 0.8% against the US dollar to 159.06. It was at the bottom of the G10. The increase stimulated by the historic joint intervention of the US and Japan has already been reduced by half. Tuesday is a public holiday in Japan, and traders are concerned that weakening liquidity may create conditions for a new round of intervention. Despite this, recent intervention seems difficult to reverse the yen's fatigue, as it faces many major adverse factors, such as market fears that Japan may increase fiscal spending. After the yen fell to a low of around 164 against the US dollar in nearly 40 years, Japan and the US began their first joint purchase of yen since 1998 around the beginning of this month. This intervention once strengthened the yen to around 155, but then the gains began to subside.

The yen once fell 0.8% against the US dollar to 159.06. It was at the bottom of the G10. The increase stimulated by the historic joint intervention of the US and Japan has already been reduced by half. Tuesday is a public holiday in Japan, and traders are concerned that weakening liquidity may create conditions for a new round of intervention. Despite this, recent intervention seems difficult to reverse the yen's fatigue, as it faces many major adverse factors, such as market fears that Japan may increase fiscal spending. After the yen fell to a low of around 164 against the US dollar in nearly 40 years, Japan and the US began their first joint purchase of yen since 1998 around the beginning of this month. This intervention once strengthened the yen to around 155, but then the gains began to subside.