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The article says Japan spent ¥27.1 trillion defending the yen this year, but argues the intervention was funded mainly by running down bills and other assets rather than selling long-term US Treasuries. It says Japan’s intervention has not materially affected long-dated Treasury prices, which remain more influenced by Federal Reserve policy and Treasury supply.
The reported yen defense may support the yen and weigh on USD/JPY, but the article finds little evidence that it has added meaningful selling pressure to long-term US Treasuries. Any exchange-rate effect could influence Japanese import costs, though no direct feed-market impact is identified.
seekingalpha.comSameer ShahzadNov 9, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
