Japan to announce Tokyo, Washington took joint action on yen: Reuters
Tokyo and Washington coordinated the first joint yen intervention since 2011 to counter excessive declines, with Japan selling up to $58.97 billion, BOJ data showed.
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It would be the first such joint intervention since 2011. US Treasury Secretary Scott Bessent described the Yen as "very underrated" last week.
Japan to announce Tokyo, Washington took joint action on yen: Report
Japan's Finance Minister plans to reveal a cooperation with Washington regarding currency market interventions aimed at arresting the yen's drastic decline to levels not seen in 40 years. Sources suggest that both nations have engaged in yen-buying strategies, marking their first collaborative effort since 2011. The operation is ongoing, as officials work to stabilize the currency.
Japan to announce Tokyo, Washington took joint action on yen, sources say
Japanese Finance Minister Satsuki Katayama will announce on Monday that Tokyo and Washington took joint action in the currency market to arrest the yen's slide to 40-year lows, two Japanese government officials told Reuters.
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Japan to announce Tokyo, Washington took joint action on yen: Reuters
TOKYO, Aug 2 (Reuters) - Japanese Finance Minister Satsuki Katayama will announce on Monday that Tokyo and Washington took joint action in the currency market to arrest the yen's slide to 40-year lows, two Japanese government officials told Reuters. ...
According to the Financial Times, the US Treasury would have intervened Friday alongside the Japanese authorities to stop the fall of the yen, which had fallen to its lowest level in almost forty years. If confirmed, this operation would mark the first concerted intervention of Washington and Tokyo in the foreign exchange market in nearly thirty years.
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- 73% of the sources are Center
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