By Joseph Adinolfi and Jules Rimmer
Japanese authorities confirmed the once-in-a-generation coordinated effort to boost their struggling currency
The U.S. had reasons to step in and help boost the yen besides sending a "signal of friendship" to Japan.
The U.S. Treasury Department and Federal Reserve have joined forces with their Japanese counterparts to stage a historic joint intervention to boost the Japanese yen, according to Japan's Ministry of Finance, which confirmed the move in a statement on Monday.
With everything going on domestically, from a percolating affordability crisis to the ongoing conflict with Iran, some might wonder what might have motivated the U.S. to take such a dramatic action on behalf of an ally.
