Japan and the U.S. conducted their first joint FX intervention in 15 years to strengthen the yen, with both countries signaling readiness for further action.
Macro & Markets ·
Japan's Ministry of Finance carried out its first coordinated foreign exchange intervention with the United States in 15 years to support the yen's value relative to the dollar. Both countries indicated they stand ready to execute additional interventions if market conditions warrant them. The yen has been moving to stronger levels against the dollar in recent trading.