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Tokyo and Washington jointly support yen for first time in 15 years
A report states that Tokyo and Washington conducted their first joint intervention in 15 years to support the yen, aiming to stabilize its value in the global financial market. This intervention comes as part of the Japanese government and the U.S. Federal Reserve's efforts to counter the yen's decline against the dollar, which has been exacerbated by market volatility and rising USD strength, leading to the Japanese currency's significant weakening. Sources did not disclose the size of the intervention or the details of the measures taken, but the move reflects international cooperation to support national currencies and ensure stability in financial markets.
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