US Dollar Under Pressure as Japanese Yen Gains Amid Intervention Talk

• The US dollar declined against major peers as the Japanese Yen gained 1% in Asian trading.
• Investors discussed potential US involvement in foreign exchange intervention to support the Yen.
• Bloomberg's US dollar measure dropped 0.4%, adding to the previous week's 1.6% decline.
• Signs of US support for Yen strengthening reignited talks of coordinated currency intervention.
• The dollar hit its lowest since May last week due to erratic US policy decisions and trade threats.

Why It Matters: The US dollar is weakening against the Yen due to speculation of US-backed currency intervention.