3 Days
Source:
CNN Arabic
US supports yen amid rare intervention
The article shows that the United States and Japan for the first time in over a decade jointly intervened in the foreign exchange market to stop the decline of the Japanese yen, which reached its lowest levels in 40 years due to currency weakness, the effects of the war with Iran, and rising energy costs. The intervention aimed to support the yen, with President Trump emphasizing that the move was "a gesture of friendship" toward Japan and that it would benefit the global economy. It also seeks to reduce the cost of American exports by supporting the Japanese currency and contain inflation caused by rising imports. Despite previous interventions, the yen continues to face persistent pressures, and this challenge is likely to remain despite current support efforts.
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