#foreignexchange

US-backed Yen buying knocked USD/JPY toward 156.45, putting dollar longs on notice that another intervention could hit fast.

Japan and the US jointly backed the yen for the first time since 2011, raising the cost of one-way USD/JPY bets.

USD/JPY slid to 155.45 after Japan said it coordinated yen buying with the US, putting traders on alert for more intervention.

NBC sees the US Dollar staying firm near term, but crowded positioning could turn a 2026-high rally into a 2027 slide.

Chainlink and global banks are testing stablecoin FX settlement that could shrink a 48-hour process to near-instant transfer.