U.S., Japan confirm coordinated yen intervention, signal readiness for more
Japan and the United States carried out a rare coordinated yen-buying operation to stabilize sharp movements in the Japanese currency. Japan’s finance ministry said it may conduct further interventions if needed and will remain in close contact with U.S. officials. The yen strengthened after falling to its weakest level in about four decades against the dollar, trading near 157.70 per dollar on Monday. U.S. Treasury … Continue reading U.S., Japan confirm coordinated yen intervention, signal readiness for more
