Bessent ready to repeat joint yen intervention, urges bigger Fed backstop - Reuters

Bessent ready to repeat joint yen intervention, urges bigger Fed backstop  Reuters

US and Japan take action to prop up yen in rare joint move

Both countries have said that they will not hesitate to conduct joint interventions in the future.

Dollar Drops Further as Yen Rebound Extends Fed-Driven Slide

The dollar extended its slide on Monday as a joint US-Japan intervention to support the yen added to losses triggered by last week’s Federal Reserve meeting.

By Georgia Hall

Japan Intervened to Support Yen Together With U.S. Treasury - WSJ

Japan Intervened to Support Yen Together With U.S. Treasury  WSJ

Japan to announce that Tokyo and Washington took joint action to support the yen, Reuters reports

Finance Minister Satsuki Katayama is likely to stress the two countries' determination to combat what they see as excessive yen declines, sources tell Reuters.

Joint U.S.-Japanese intervention boosts the yen — but will it be enough?

Although forex market intervention can affect exchange rates, most strategists believe interest rate differentials are the ultimate arbiter of the direction of travel. Japan’s rates are much lower than the U.S.

By Jules Rimmer

Exclusive-Japan to announce Tokyo, Washington took joint action on yen, sources say

US, Japan intervene to boost yen for first time since 1998

The US and Japan jointly intervened to strengthen the yen for the first time since 1998, raising hopes for a stronger currency and possible BOJ rate hikes.

Japan, US confirm joint yen-buying intervention, signal more action

Why the falling yen forced the U.S. to intervene in global forex markets

Japan to announce Tokyo, Washington took joint action on yen, sources say

Finance minister Satsuki Katayama reportedly to confirm move Monday, first such effort since 2011

By Reuters

Inside US-Japan pact to conduct 1st joint yen intervention since 2011

Tokyo and Washington conducted a coordinated yen-buying intervention and will not hesitate to take further action, Japan's Finance Ministry said on Monday, confirming a rare b...

Japan and US confirm joint yen intervention

Japan and the United States have confirmed they carried out a coordinated intervention in foreign exchange markets to support the Japanese yen after the currency fell to its weakest level in four decades. The action marks the first joint intervention by the two countries since 2011 and lifted the yen to its strongest level in almost three months. The Japanese Ministry of Finance and the US Treasury confirmed on Monday that they jointly bought yen in foreign exchange markets late last week a...