Commerzbank: Japan and the US may intervene jointly in the yen, with favorable conditions for a stronger US dollar

```htmlGolden Ten Data reported on March 30 that Thu Lan Nguyen of Commerzbank stated in a report that, following the recent depreciation of the yen, the possibility of Japan and the United States jointly intervening in the foreign exchange market to boost the yen and suppress the US dollar should not be ruled out. She pointed out that US Treasury Secretary Bessent had downplayed speculation about such intervention in January, but that was at a time when the dollar was weakening. Currently, the strengthening of the dollar makes the conditions for coordinated intervention appear more favorable. The meeting of G7 central bank governors and energy and finance ministers scheduled for Monday may provide a good opportunity for Japanese Finance Minister Katsuki Katayama to seek Bessent's support.```