Japan's Fundamentals Need to Change to Reverse Yen's Weakness -- Market Talk

0943 GMT - The recent joint intervention by U.S. and Japanese authorities to strengthen the yen might not have a lasting impact, MUFG Bank's Lee Hardman says in a note. "While joint intervention may prove more effective at helping to provide support for the yen in the near term, we still believe that it can only buy time." There needs to be a change in fundamentals to encourage a sustainable reversal of the yen's weakening trend, he says. More U.S. pressure on Japan to accelerate interest-rate rises as part of the joint intervention arrangement would be an important step, he says. The dollar rises 0.4% to 157.86 yen after reaching a three-month low of 155.21 Monday, LSEG data show. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

August 04, 2026 05:43 ET (09:43 GMT)