US-Japan yen intervention raises hopes for stronger won

A rare instance of US-Japan intervention to support the battered yen is giving the Korean won renewed tailwind, raising hopes that the currency could strengthen beyond 1,400 won per dollar. Policymakers confirmed Monday that the US Treasury bought yen in coordination with Japan’s Finance Ministry, marking the first joi

TOKYO (Kyodo) -- Tokyo stocks opened mixed Tuesday, as gains from lower crude oil prices amid Middle East peace hopes were offset by concerns over exp