Japan, U.S. Coordinate to Stabilize Yen
Japan and the U.S. conducted coordinated yen-buying intervention on Friday, their first joint market operation in 15 years, to halt the yen's slide to fresh 40-year lows. Both countries aim to stabilize the yen, prevent broader market volatility, and demonstrate close coordination. Japan is estimated to have spent nearly $59 billion on interventions before the joint operation.52 sourcesSee all sources