A new low in nearly forty years, the strongest in May: The U.S. and Japan confirm joint intervention, how far can the yen's "violent rebound" go?

Zhito Finance APP has learned that after the yen fell to a nearly four-decade low against the US dollar, the United States and Japan jointly intervened in the foreign exchange market last Friday through "coordinated buying of yen." This rare joint action, coupled with the two countries' finance ministers' unabashed tough stance of "continuing to intervene," is reshaping the game in the foreign exchange market. The yen has violently rebounded from decades-low points, and a massive unwind risk looms for speculators holding short positions, yet strategists remain deeply divided on the long-term effects of the intervention.