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By propping up the yen, the U.S. and Japan are actually admitting dollar dominance isn't what it used to be, top economist warns | Fortune

"When this message sinks in, other countries will redouble their search for more attractive, readily usable alternatives."

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https://fortune.com/2026/08/03/yen-dollar-intervention-euros-bessent-japan-debt-yields/

The U.S. is using euros, not dollars, to prop up the yen, and it may backfire: ‘This kind of twist…undercuts the efficacy of U.S. participation’ | Fortune

https://fortune.com/2026/08/03/yen-dollar-intervention-euros-bessent-japan-debt-yields/