COVERAGE GAP

US-Japan Intervene to Support Yen

US and Japan conducted rare joint currency intervention to prop up the weakening yen.

COVERAGE GAPLEFT SOURCES ONLY

WHAT'S CONFIRMED

▸US and Japan took joint action to support the yen currency. — BBC Business, CNBC
▸Both countries indicated they would not hesitate to conduct joint interventions in future. — BBC Business, Bloomberg Markets

NOT REPORTED ELSEWHERE

▸Washington's intervention was motivated partly by yen weakness driving up import prices and household living costs in Japan. — Bloomberg Markets
▸Treasury Secretary Bessent pledged that Japanese currency interventions won't be funded from US government debt sales. — Bloomberg Markets

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