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الشارقة 24
Tokyo and Washington team's first yen support in 15 years
Japan and the United States conducted their first joint intervention in 15 years to support the yen after it declined to its lowest level in nearly 40 years. They carried out a yen-buying operation during New York trading after the currency fell to 163.99 against the dollar on July 23. This intervention aimed to address excessive market volatility, with Tokyo confirming its involvement and Washington indicating readiness to take additional measures if necessary. Additionally, the yen temporarily appreciated from levels near 157 to 155 against the dollar following these statements. This marks the first such intervention since 2011, when a earthquake and tsunamis struck northeastern Japan.
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