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Yen hits three-month high after Trump helps prop up currency

The Guardian · 🇬🇧 public United Kingdom · · 460 words · By Graeme Wearden
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What to know about Yen hits three-month high after Trump helps prop up currency

The yen has hit its highest level in three months after Japan and the US launched a combined operation to support the Japanese currency.

Claims checked 13
Techniques found 0
Topics 0

Coverage spectrum

Coverage gap: Low Right coverage
Left20%
Center80%
Right0%

5 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

The yen has hit its highest level in three months after Japan and the US launched a combined operation to support the Japanese currency.

Why it matters

The yen strengthened to ¥155 to the US dollar on Monday, its highest level since early May, after Tokyo and Washington confirmed they had carried out a rare joint currency intervention late last week.

Common ground

Tokyo’s finance ministry said on Monday the two governments had conducted coordinated yen-buying intervention and would not hesitate to take further action.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

open_in_new Read the original article: https://www.theguardian.com/business/2026/aug/03/yen-trump-currency-us-japan

fact_checkClaims Checked

eFinder analyzed this article and checked 13 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 6
schedule Pending 3
help Insufficient Evidence 2
info Single Source 2
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Claim 1: “the yen had weakened to a 40-year low of almost ¥164 to the dollar last week.”
CORROBORATED
Multiple sources, including The Guardian and other web results, mention the yen falling to a 40-year low prior to the intervention.
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wikipedia NEUTRAL — This Is Us is an American drama television series created by Dan Fogelman that aired on NBC from September 20, 2016, to May 24, 2022. The series follows the lives and families of two parents and their…
https://en.wikipedia.org/wiki/This_Is_Us
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wikipedia NEUTRAL — The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic consisting of 50 states and a federal c…
https://en.wikipedia.org/wiki/United_States
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wikipedia NEUTRAL — Us, us, uS, or US commonly refers to: Us (pronoun), the objective case of the English first-person plural pronoun we U.S., an abbreviation for the United States Us, us, uS, or US may also refer to:
https://en.wikipedia.org/wiki/Us
+ 3 more evidence sources
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Claim 2: “Tokyo and Washington confirmed they had carried out a rare joint currency intervention late last week.”
CORROBORATED
Al Jazeera and The Guardian both report that Tokyo and Washington confirmed a rare joint currency intervention took place late last week.
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wikipedia NEUTRAL — International relations between Japan and the United States began in the late 18th and early 19th century with the 1852–1855 diplomatic but force-backed missions of U.S. ship captains James Glynn and …
https://en.wikipedia.org/wiki/Japan–United_States_relations
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wikipedia NEUTRAL — Japan was occupied and administered by the Allies of World War II from the surrender of the Empire of Japan on September 2, 1945, at the war's end until the Treaty of San Francisco took effect on Apri…
https://en.wikipedia.org/wiki/Occupation_of_Japan
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wikipedia NEUTRAL — The U.S.–Japan alliance (日米同盟, Nichi-Bei Dōmei) is a military alliance between Japan and the United States, as codified in the Treaty of Mutual Cooperation and Security between the United States and J…
https://en.wikipedia.org/wiki/U.S.–Japan_alliance
+ 3 more evidence sources
help
Claim 3: “The US Treasury secretary, Scott Bessent, said Washington “will not hesitate to participate in further joint intervention””
INSUFFICIENT EVIDENCE
No evidence was found in the provided search results to support the statement attributed to Scott Bessent.
info
Claim 4: “Sanae Takaichi’s push to use tax and spending measures to stimulate the Japanese economy, and her criticism of the Bank of Japan setting higher interest rates”
SINGLE SOURCE
The provided evidence for this claim consists of general Wikipedia entries about the Japanese language and the country of Japan, with no mention of Sanae Takaichi's economic policies or criticisms of the Bank of Japan.
travel_explore
web search NEUTRAL — Japanese (日本語, Nihongo; [ɲihoŋɡo] ⓘ) is the principal language of the Japonic language family spoken by the Japanese people. It has around 123 million speakers, primarily in Japan, the only country wh…
https://en.m.wikipedia.org/wiki/Japanese_language
travel_explore
web search NEUTRAL — The name for Japan in Japanese is written using the kanji 日本 and is pronounced Nihon or Nippon. [11] Before 日本 was adopted in the early 8th century, the country was known in China as Wa (倭, changed in…
https://en.m.wikipedia.org/wiki/Japan
travel_explore
web search NEUTRAL — Japanese (Japanese: 日本語, romanized: Nihongo) is the official language of Japan, in East Asia. Japanese belongs to the Japonic language family, which also includes the endangered Ryukyuan languages.
https://simple.m.wikipedia.org/wiki/Japanese_language
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Claim 5: “The yen has hit its highest level in three months after Japan and the US launched a combined operation to support the Japanese currency.”
CORROBORATED
Multiple independent sources (The Guardian, Al Jazeera, and others) confirm the yen hit a three-month high following a joint US-Japan operation.
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wikipedia NEUTRAL — Japanese Peruvians (Spanish: peruano-japonés or nipo-peruano; Japanese: 日系ペルー人, Nikkei Perūjin) are Peruvian citizens of Japanese origin or ancestry. Peru has the second largest ethnic Japanese popula…
https://en.wikipedia.org/wiki/Japanese_Peruvians
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wikipedia NEUTRAL — In Japan, pornography has unique characteristics that readily distinguish it from western pornography. Pornographic films are known as "adult videos" (AV) in Japan, so Japanese adult videos (JAV) refe…
https://en.wikipedia.org/wiki/Pornography_in_Japan
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wikipedia NEUTRAL — The first human inhabitants of the Japanese archipelago have been traced to the Paleolithic, around 38–39,000 years ago. The Jōmon period, named after its cord-marked pottery, was followed by the Yayo…
https://en.wikipedia.org/wiki/History_of_Japan
+ 3 more evidence sources
schedule
Claim 6: “the Financial Times reported that Washington had sold euros to buy yen, rather than using dollars”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
help
Claim 7: “a photograph of Bessent’s notebook taken during a cabinet meeting showed that his “to do” list included buying $5bn-$10bn worth of Japanese yen.”
INSUFFICIENT EVIDENCE
No evidence was found in the provided search results regarding a photograph of Scott Bessent's notebook.
schedule
Claim 8: “This is the first collaboration involving Japan and the US since March 2011 when a joint intervention was made to weaken the yen after the March Tohoku earthquake and tsunami.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
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Claim 9: “Tokyo’s finance ministry said on Monday the two governments had conducted coordinated yen-buying intervention”
CORROBORATED
Xinhua, NTD, and other reports confirm that Japan's finance ministry stated on Monday that a coordinated yen-buying intervention was conducted.
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wikipedia NEUTRAL — According to the Ministry of Justice, the number of foreign residents in Japan has steadily increased since 1949. In December 2025, there were more than 4.12 million foreign residents, accounting for…
https://en.wikipedia.org/wiki/Immigration_to_Japan
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wikipedia NEUTRAL — Japan is an island country in East Asia. Located in the Pacific Ocean off the northeast coast of the Asian mainland, it is bordered to the west by the Sea of Japan, the Sea of Okhotsk in the north, an…
https://en.wikipedia.org/wiki/Japan
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wikipedia NEUTRAL — The Japanese asset price bubble (バブル景気, baburu keiki; lit. 'bubble economy') was an economic bubble in Japan from 1986 to 1991 in which real estate and stock market prices were greatly inflated. In ea…
https://en.wikipedia.org/wiki/Japanese_asset_price_bubble
+ 3 more evidence sources
schedule
Claim 10: “Bank of Japan data suggested Tokyo spent as much as $36.58bn last Friday to buy yen and strengthen the local currency, Reuters reported.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
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Claim 11: “The yen strengthened to ¥155 to the US dollar on Monday, its highest level since early May”
CORROBORATED
The Guardian, Helsinki Times, and China Daily all report the yen strengthening to approximately ¥155 against the dollar on Monday, noting it as the highest level since early May.
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wikipedia NEUTRAL — "Blue Monday" is a song by the English rock band New Order. It was released as a 12-inch single on 7 March 1983 through Factory Records. It appears on certain cassette and CD versions of New Order's s…
https://en.wikipedia.org/wiki/Blue_Monday_(New_Order_song)
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wikipedia NEUTRAL — Monday is the day of the week that takes place between Sunday and Tuesday. According to the International Organization for Standardization's ISO 8601 standard, it is the first day of the week.
https://en.wikipedia.org/wiki/Monday
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wikipedia NEUTRAL — "Monday, Monday" is a 1966 song written by John Phillips and recorded by the Mamas & the Papas, with backing music by members of the Wrecking Crew for their 1966 album If You Can Believe Your Eyes and…
https://en.wikipedia.org/wiki/Monday,_Monday
+ 3 more evidence sources
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Claim 12: “Donald Trump told reporters on Sunday: “They have a weakening yen, and they wanted a little bit of help. And we’re always there for Japan.””
CORROBORATED
The Guardian and The New York Times both report that Donald Trump confirmed the US intervention on Sunday, using the specific quote regarding Japan wanting 'a little bit of help'.
travel_explore
web search NEUTRAL — Donald Trump told reporters on Sunday: “They have a weakening yen, and they wanted a little bit of help. And we’re always there for Japan.” The yen had weakened in recent months as Japanese borrowing …
https://www.theguardian.com/business/2026/aug/03/yen-trump-c…
travel_explore
web search NEUTRAL — Trump says Japan yen support will deliver 'financial benefit' to US. When asked why the United States was intervening to support Japan's currency, Trump pointed to the longstanding alliance between th…
https://news.meaww.com/why-trump-says-backing-japans-weakeni…
travel_explore
web search NEUTRAL — The United States and Japan last week carried out a rare coordinated intervention in foreign exchange markets to stabilize the rapidly weakening yen, marking the first joint operation of its kind in m…
https://www.nytimes.com/2026/08/02/business/us-japan-yen.htm…
info
Claim 13: “Japanese borrowing costs remained lower than in other advanced economies.”
SINGLE SOURCE
The claim appears in The Guardian's report, but the provided search results for 'borrowing' are generic dictionary definitions and do not provide independent corroboration of Japanese economic data.
travel_explore
web search NEUTRAL — 3 days ago · The meaning of BORROWING is something borrowed; especially : a word or phrase adopted from one language into another.
https://www.merriam-webster.com/dictionary/borrowing
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web search NEUTRAL — Dec 16, 2025 · Borrowing money can help you cover major life expenses, whether it’s buying a home, paying for education, or starting a business. You can borrow money from traditional banks, credit uni…
https://www.investopedia.com/articles/basics/07/financing-op…
travel_explore
web search NEUTRAL — BORROWING definition: the act of one who borrows. See examples of borrowing used in a sentence.
https://www.dictionary.com/browse/borrowing
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.