U.S.-Japan Intervention Fails to Sustain Yen Rally as Policy Focus Shifts
A week after the U.S. and Japan jointly intervened to support the yen, the currency's initial rally has faded. The intervention had temporarily strengthened the yen from 163 to 155 against the dollar, but it has since settled around 158.50. Market analysts are now focusing on domestic policy changes in Japan, as the intervention alone has not reversed the yen's weakening trend. The U.S. Treasury's involvement underscores concerns about the yen's impact on global markets and inflation in Japan. 
