Japan and US confirm rare joint intervention to support yen
Japan and the United States have confirmed a rare coordinated intervention in foreign exchange markets to buy yen and slow the currency's decline. The move was aimed at halting the yen's slide to 40-year lows and at countering what officials described as excessive volatility and disorderly movements. Tokyo said it remains ready to act again if needed, while Washington framed the step as support for market stability and the wider global economy.Japan's Ministry of Finance said the intervention took place on Friday in coordination with the US Treasury Department. The ministry said the action was taken after recent months of... [Continue Reading]
360LiveNews | 03 Aug 2026 03:30 LONDON
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