Developing2 outlets · over 5 days
Yen intervention gains fade as markets stay tense
The first U.S.-Japan joint yen intervention in three decades lifted the currency to about 157 per dollar from nearly 164, but it has since slipped to around 159. Japan's move topped $50 billion, while Treasury Secretary Scott Bessent's U.S. purchases totaled $5 billion-$10 billion.
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