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US-Japan yen intervention reflects pragmatism behind show of 'friendship'

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Nikkei Asia
Nikkei Asia30 mins ago
US-Japan yen intervention reflects pragmatism behind show of 'friendship'
CurrenciesLending dollars with Treasurys as collateral avoids disastrous debt sell-offU.S. Treasury Secretary Scott Bessent and Japanese Finance Minister Satsuki Katayama have both mentioned the use of a repo facility in the coordinated yen intervention. (Nikkei montage/Source photos by Reuters and Nikkei)HIROFUMI TAKE
Trump says yen intervention is signal of friendship with Japan
After his remarks, the yen held a small loss against the dollar.
Bloomberg
Bloomberg🏁 first to report1 days ago
Trump Says US Intervention in Yen Was ‘A Signal of Friendship’
“It was a signal of friendship,” President Donald Trump says after being asked why the US intervened to support the Japanese yen.