Japan to Vow Coordination With US on Weak Yen in First Joint Intervention in 15 Years

3-line summary

• Japan is expected to announce Monday that it took joint action with the U.S. to halt the yen's slide to 40-year lows, marking the first joint currency intervention in 15 years, according to Reuters.
• Japan may have sold as much as $58.97 billion to buy yen when it intervened in New York markets last Thursday, per Bank of Japan data cited in the report.

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