USD/JPY Intervention Is Being Called a Failure Too Early

USD/JPY intervention has not failed yet, and bulls have retraced about half the sell off while the Bank of Japan stays out. James Stanley, Senior Strategist at StoneX Media, breaks down why the USD/JPY rebound looks early rather than conclusive, and what would genuinely turn it. Stanley works through the Bank of Japan and U.S. Treasury Department intervention in context, comparing it with the 2022 and 2024 episodes, and explains why the September rate hike rumor drew a skeptical response. He also weighs hawkish Federal Reserve commentary against three soft U.S. prints, and sets out the conditions that would push yen carry trade positions toward an unwind. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1 0:00 Intervention Called Too Early 2:06 Bulls Keep Buying the Dips 4:06 The 2022 Playbook Repeats 6:06 The 2024 Ambush on CPI Day 8:43 The September Hike Bluff 10:08 What Triggers a Carry Unwind Like and subscribe for more financial market insights. #USDJPY #Forex #StoneX #JamesStanley