The US has stepped in to buy Japanese yen. Why?
The U.S. Treasury bought Japanese yen to support the currency, which had fallen to very low levels. This was the first time the U.S. and Japan coordinated this kind of intervention in more than a decade. The U.S. said the move was a signal of friendship.
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The story so far
2 developments- Aug 1US Treasury intervenes to support yen after Japan steps in, FT reports
- Aug 3The US has stepped in to buy Japanese yen. Why?
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Quiet for 57 daysLast development · Aug 3 — The US has stepped in to buy Japanese yen. Why?
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6 viewpointsYen rises as traders bet on more U.S.-Japan currency intervention
Japan confirms joint yen intervention with US, signals readiness for more action
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7 viewpointsThe US dollar sinks against the Japanese yen after Trump and officials in Tokyo confirm they intervened in markets
Right
1 viewpointThe US dollar sinks against the Japanese yen after Trump and officials in Tokyo confirm they intervened in markets
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