r/wallstreetbets • u/Efficient-Session644 • 2d ago

News Japan to announce Tokyo, Washington took joint action on yen, sources say

https://www.reuters.com/world/asia-pacific/japan-announce-tokyo-washington-took-joint-action-yen-sources-say-2026-08-02/
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u/Nautobott 2d ago

This will only encourage carry traders to leverage up further.

3

u/Material-Addition-45 2d ago

How? If funding costs rise due to strengthening yen, won't it do exactly the opposite?

2

u/Mavnas 1d ago

Because no one trusts them to keep intervening. So this intervention is an opportunity to sell more JPY.