EconomyUS Treasury intervenes to support yen after Japan steps in, FT reports
The U.S. Treasury entered the currency market on Friday to support the battered yen, according to the Financial Times. The report says Washington acted alongside Tokyo for the first time in more than a decade to bolster Japan’s currency. The yen has been languishing near four-decade lows, underscoring the pressure behind the intervention.
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US Treasury intervenes to support yen after Japan steps in, FT reports
Economy