Bangkok, 3 August 2026 – Asian markets opened August with sharp cross-currents as the yen strengthened following confirmed Japan–US intervention, oil prices retreated and major equity benchmarks moved in different directions.
The dollar fell as low as ¥155.20 after trading near ¥164 the previous week, a rapid adjustment that changed earnings expectations for Japanese exporters and reduced the local-currency cost of imported energy. Currency intervention can interrupt momentum, but its durability depends on monetary policy, capital flows and whether traders believe authorities will act again.
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