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Trump says US support for Japanese yen a ‘signal of friendship’
WASHINGTON, United States: President Donald Trump on Sunday confirmed that the United States had intervened to support the Japanese yen, calling the move a “signal of friendship” that would financially benefit the US and world economy. The Financial Times reported on Friday that the US Treasury had jointly intervened with Japan to prop up the yen for the first time in nearly three decades.
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straitstimes.com
US Treasury intervenes to support yen after Japan steps in: Financial Times
The reported action would be the US Treasury’s first direct support for the yen since 2011. Read more at straitstimes.com. Read more at straitstimes.com.
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cnbc.com
U.S. Treasury intervenes to support yen after Japan steps in, FT reports
It was Washington's first yen-buying intervention with Tokyo in more than a decade as it languishes near 40-year lows.
