Japan sells record $80 billion in foreign reserves to defend yen as currency surges

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Japan sells record $80 billion in foreign reserves to defend yen as currency surges

⚡ Markets: Large-scale selling of U.S. Treasuries by a major foreign holder puts upward pressure on U.S. yields. This tightens financial conditions globally and signals potential for further coordinated or unilateral FX interventions.USDJPYUS TreasuriesNikkei 225

Data from Japan's Ministry of Finance shows foreign reserves fell by a record $80 billion in August, strongly suggesting Tokyo sold a massive amount of U.S. Treasuries to fund its intervention to strengthen the yen. The currency surged to its highest level against the dollar since February.

West MSM: noneFinancial press 4Regional 5Google Non-West 14 countries

10 sources across the spectrum

Financial pressBloomberg — Japan Likely Sold Treasuries to Fund Record Yen Intervention

Financial pressBloomberg — Yen Rises to Highest Since February, Tops Intervention Rally

Financial pressNikkei Asia — Yen makes sudden jump to 154 range against dollar

RegionalJapan Times — Yen rises to highest since February, topping intervention rally

RegionalJapan Times — Bessent pushes BOJ as he signals end of Abenomics

Financial pressCNBC — Japan's foreign reserves drop by a record $80 billion in August following yen intervention

RegionalJapan Times — Japan likely sold Treasurys to fund record yen intervention

RegionalKorea Herald — Won’s comeback comes at a cost

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