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The Yen Rescue That Backfired
When Japan stepped in to prop up the yen in late July 2026, the move was meant to calm markets. Instead, it triggered a coordinated intervention by the U.S. Treasury, a rare and risky moment in global currency policy. Lucas and Luna unpack what happened, why the yen keeps sliding despite intervention, and what it means for multinational companies, trade flows, and your portfolio. They unpack the numbers: the yen at 163.7 per dollar, the trade-weighted dollar index at 120.7, and the widening U.S. trade deficit. With Japan's export machine struggling and the Federal Reserve's rate…
The skinny
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