{"id":435518,"date":"2026-08-06T02:47:15","date_gmt":"2026-08-05T19:47:15","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/weve-reached-an-impasse-on-the-japanese-yen-trade-435518\/"},"modified":"2026-08-06T02:47:15","modified_gmt":"2026-08-05T19:47:15","slug":"weve-reached-an-impasse-on-the-japanese-yen-trade","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/weve-reached-an-impasse-on-the-japanese-yen-trade-435518\/","title":{"rendered":"We&#8217;ve reached an impasse on the Japanese yen trade"},"content":{"rendered":"<div>\n<p>What a strange time we live in.<\/p>\n<p>Treasury Secretary Scott Bessent obviously leaked this picture last week ahead of yen intervention, then actually followed through late in the day. I don&#8217;t know what the point of leaking it was but the market isn&#8217;t exactly sure what to do next.<\/p>\n<p>There has to be a plan here to get USD\/JPY meaningfully lower, right? Or is the US just going to ad-lib it like the war Trump is fighting?<\/p>\n<p>For now, the trade has stagnated as USD\/JPY is sticking to 157.70. There has been talk about a BOJ rate hike but the vote last week wasn&#8217;t particularly close and they would wreck their credibility with some kind of emergency hike now.<\/p>\n<\/p>\n<p>But if the US walks away now, it&#8217;s going to invite a fresh round of USD\/JPY buying and we will be right back where we started.<\/p>\n<p>All told, this is now just another manipulated market like oil, shares of Intel and plenty of others under this administration&#8217;s gaze.<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>What a strange time we live in. Treasury Secretary Scott Bessent obviously leaked this picture last week ahead of yen intervention, then actually followed through late in the day. I don&#8217;t know&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-435518","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=435518"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435518\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=435518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=435518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=435518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}