Japan may be 'in the money' in FX intervention
https://www.reuters.com/commentary/reuters-open-interest/japan-may-be-in-money-fx-intervention-2026-06-03/
The yen's slide back to 160 per dollar, only weeks after Japan's large-scale interventions to support the currency, has called into question the wisdom of such action. But viewed through a wider lens, Tokyo's strategy appears to be working.
https://www.reuters.com/commentary/reuters-open-interest/japan-may-be-in-money-fx-intervention-2026-06-03/
The yen's slide back to 160 per dollar, only weeks after Japan's large-scale interventions to support the currency, has called into question the wisdom of such action. But viewed through a wider lens, Tokyo's strategy appears to be working.