US and Japan Confirm Joint Yen-Buying Intervention to Prevent Selloff
Japan and the United States have confirmed a joint intervention in the currency market, buying yen to prevent a further selloff and address concerns over its extraordinary weakness. Strategists suggest the US Treasury may be using euros rather than dollars to fund its yen purchases to avoid weakening its own currency.
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US Uses Euros to Buy Yen to Avoid Weaker Dollar, Strategists Say
The US Treasury may be using euros rather than dollars to fund its yen purchases to avoid weakening its own currency and casting doubt on its strong greenback policy, according to strategists.
By Matthew Burgess
Read full article →Japan, US confirm joint yen-buying intervention, signal more action to prevent selloff
Aside from helping Japan as a ally in Asia, the intervention would help the US address concerns over extraordinary weakness in the yen that offsets the boost from Trump's tariffs, analysts say.
Read full article →US and Japan jointly intervene to prop up yen in rare move
Japan and the US have confirmed that they jointly intervened last week to halt a slide in the yen after it weakened to a fresh 40-year low.
By Abubakar Ibrahim
Read full article →
