According to the latest market data on the morning of February 24, 2026 (Vietnam time), the Yen is experiencing strong fluctuations after shocking information from Reuters. The USD/JPY exchange rate pair is currently standing at 155.04, corresponding to the Yen's slight depreciation of 0.26% compared to the previous session. While the value of 1 US dollar in Yen (USD/JPY) is anchored at a high level, the value of 1 Yen in US dollars (JPY/USD) is still under heavy pressure from the prolonged sell-off for the past 52 weeks.
The main reason why the Yen has become the focus of attention is the rare intervention from Washington. According to Reuters, US Treasury Secretary Scott Bessent has directed the New York Federal Reserve to conduct exchange rate checks without a request from Japan. This is a strong deterrent step for speculators, because exchange rate checks are often a prerequisite for direct intervention in the foreign exchange market to buy the Yen and sell the US Dollar.
The consequence of this action by the US side has helped the Yen temporarily escape the risk of falling to the psychological threshold of 160 JPY/USD. For the Japanese economy, the weakening of the Yen has become a major burden when pushing up import commodity prices, directly affecting the wallets of households. The US's willingness to use economic strength to stabilize allies shows that a scenario of joint intervention between the two countries is very close.
The outlook for the Yen in the near future depends entirely on the next moves from the US and Japanese Treasury Departments. If the USD/JPY exchange rate cannot cool down below the 152 zone, investors should prepare for the first official intervention in 15 years. Conversely, if the Yen continues to depreciate, inflationary pressure in Japan will force policymakers to make tougher decisions to protect the domestic currency.
