United States and Japan Intervene in Currency Markets to Stabilize Japanese Yen

The United States and Japan have jointly intervened in currency markets to support the Japanese yen, which had recently fallen to 40-year lows against the U.S. dollar. U.S. President Donald Trump confirmed the intervention, describing it as a 'signal of friendship' that would benefit both the U.S. and global economies. Japan's Finance Minister Satsuki Katayama also confirmed the coordinated action, stating that the finance ministry purchased yen in coordination with the U.S. Treasury Department.