U.S. and Japan Confirm Joint Intervention in Currency Markets to Strengthen Yen

The United States and Japan have confirmed a coordinated intervention in currency markets, with the U.S. Treasury Department working with Japan's Finance Ministry to purchase yen. This action, announced Monday, aims to counter the yen's prolonged weakness against the dollar, which had reached 40-year highs, and to address excessive volatility. President Trump stated the U.S. intervention was a "signal of friendship" and beneficial for the world economy.