Nearly one hundred billion dollars in intervention can only buy a week of respite? The results of the joint intervention by the U.S. and Japan have been reduced by nearly half, with the yen approaching the 160 mark again.

According to Zhitong Finance APP, as global forex traders focus on the yen nearing the end of this week's trading, nearly half of the gains prompted by the recent joint market intervention by the U.S. and Japanese governments have been retraced. This has led forex market traders to speculate that Japanese authorities may intervene again. During Friday's Asian trading session, the yen was trading around 158.45 against the dollar, significantly distancing itself from the strong level of 155.23 reached on Monday. Last week, before Japan and the U.S. conducted their first joint yen-buying operation since 1998, the yen was close to 164 against the dollar, hovering around a nearly forty-year low.