# Japanese yen, U.S. dollar: why the U.S.-Japan intervention not working

> The yen has given back about half of the gains from the US-Japan intervention, trading near 159 per dollar. Japan's borrowing costs remain far below US rates, which keeps the carry trade favoring dollars.

- Date: 2026-08-12 · published 2026-08-12T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/18134-japanese-yen-u-s-dollar-why-the-u-s-japan-intervention-not-working
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

The persistent rate gap between Japan and the US keeps pressure on the yen, which raises the yen cost of dollar-priced feed imports.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2026/08/12/japan-yen-us-dollar-intervention-.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.