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المدينة
Washington and Tokyo coordinate to support yen
Both the United States and Japan carried out a joint intervention in the foreign exchange market to support the yen after it fell to its lowest level since 1986, reaching 164 yen for the dollar. The two governments confirmed that this intervention helped to contain excessive volatility in the yen and stabilize the Japanese currency, marking the first such move since 1998. Although the scale of the operation was not disclosed, it comes amid a decline in the yen's value and growing concerns about Japanese financial policies.
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