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U.S. Treasury Joins Japan to Support Yen in Rare Intervention: FT

U.S. Treasury Joins Japan to Support Yen in Rare Intervention: FT

The U.S. Treasury reportedly stepped in to support the yen after Japan acted, marking Washington’s first yen-buying move with Tokyo in more than a decade. The coordinated effort comes as the currency trades near multi-decade lows, the Financial Times reported.

Original headline

U.S. Treasury intervenes to support yen after Japan steps in: FT