US-Japan Yen Intervention: $1 Trillion Gone in 40 Minutes

Wed, 05 Aug 2026 17:47:14 +0000

The US-Japan yen intervention at the end of July 2026 was the largest coordinated currency operation ever attempted — Japan spent roughly $53 billion in a single day buying its own currency, and the New York Fed, acting for the US Treasury, joined in for the first time in about three decades. Within 40 minutes of the news hitting the wires, nearly $1 trillion was wiped off the value of US stocks, for reasons almost no headline explained.

Yen Intervention on Digital Asset Radar

US-Japan Yen Intervention: $1 Trillion Gone in 40 Minutes