Japan and US Confirm Joint Yen Intervention, First Since 2011

3-line summary

• Japan and the U.S. confirmed they jointly intervened last week to halt the yen's slide to a fresh 40-year low, marking the first joint intervention since 2011, according to the report.
• Japan's finance ministry and U.S. Treasury Secretary Scott Bessent said they will not hesitate to conduct joint interventions in the future, per the report.

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