18 Hrs
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الاقتصادية
Japan and US agree on first yen support in 15 years
Japan confirmed for the first time in 15 years its joint intervention with the United States to support the yen, following its collapse to the lowest level in four decades. The country spent approximately $34.5 billion in the largest foreign exchange market intervention in history. This action was part of intensive efforts to maintain the yen's value amidst increasing hedge fund bets on the currency's depreciation, as well as political and economic tensions related to Japanese government policies. U.S. officials also reaffirmed their readiness to continue supporting Japan's efforts in the face of currency fluctuations. It is expected that these interventions will have a significant impact on the yen's exchange rate, with investors closely monitoring how sustainable their effect will be in stabilizing the national currency.
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