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US and Japan execute coordinated intervention to rescue beleaguered yen

By CityCalc Newsroom · Sat Aug 01 2026 · Source: Daily News Egypt

The United States and Japan have executed a highly coordinated intervention to rescue the beleaguered yen, driving the currency to its highest level since early May following direct market purchases and explicit support from US Treasury Secretary Scott Bessent. The yen closed in…

The United States and Japan have executed a highly coordinated intervention to rescue the beleaguered yen, driving the currency to its highest level since early May following direct market purchases and explicit support from US Treasury Secretary Scott Bessent. The yen closed in…

Curated by CityCalc from Daily News Egypt. Read the full article at the source.

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