Defending the YenUS Dollar vs Japanese YenBLUEBERRY:USDJPYBlueberryJapan has moved from talking about the weak yen to actively defending it over the past week. The key event was a coordinated U.S.-Japan FX intervention around July 30 to August 3. Key word being coordinated. Japanese authorities bought yen in size, while the U.S. Treasury also participated. This isnt a hostile defense. This is planned and well managed. We've likely seen Yen lows, with more gradual appreciation now likely in coming months. The forecasts provided herein are intended for informational purposes only and should not be construed as guarantees of future performance. This is an example only to enhance a consumer's understanding of the strategy being described above and is not to be taken as Blueberry Markets providing personal advice.