June 23, 2026

This week's market - June 23, 2026 (Tuesday)

2026.06.23 (Tuesday)

This week's market - June 23, 2026 (Tuesday)

Following reports that yesterday's emergency online meeting between Finance Minister Katayama and Treasury Secretary Bessent discussed responses to yen depreciation and the possibility of currency intervention, the yen is struggling to break through the 162 level. The 161.95 level appears to be viewed as a key line of defense for the authorities, but the current situation remains one where yen selling pressure has not fundamentally changed. There are no notable U.S. indicators today, but the 3-year Treasury note auction will be worth watching. Until the rate breaks below 160.80, dips are still expected to attract buyers, though it would also be worth considering stop-loss positions in preparation for potential intervention.