US and Japan execute coordinated intervention to rescue beleaguered yen

The United States and Japan have executed a highly coordinated intervention to rescue the beleaguered yen, driving the currency to its highest level since early May following direct market purchases and explicit support from US Treasury Secretary Scott Bessent. The yen closed in New York on Friday at 157.40 against the dollar, culminating one of […] The post US and Japan execute coordinated intervention to rescue beleaguered yen first appeared on Dailynewsegypt.