EconomyUS and Japan reveal coordinated intervention, hint at possible repeat as dollar weakens and yen strengthens
The US and Japanese finance ministers have disclosed that coordinated intervention was carried out and suggested it could be repeated in the future. The announcement triggered sharp moves across Tokyo markets on the 3rd. Foreign exchange, stocks and bonds all swung significantly. The dollar weakened while the yen strengthened, briefly reaching the lower 155-yen range per dollar.
US and Japan reveal coordinated intervention, hint at possible repeat as dollar weakens and yen strengthens
Economy