CNA·3 min read·hard
US Treasury intervenes to support yen after Japan steps in, FT reports
C
CNA
✦AI Summary
The US Treasury intervened in currency markets to support the Japanese yen, which has hit 40-year lows against the dollar. This rare move, coordinated with Japan, aims to stabilize the currency and deter speculative trading.
Yen and US dollar banknotes are seen in this illustration taken Mar 19, 2025. (Photo: REUTERS/Dado Ruvic)
economybusiness
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