Japan and the US conducted a rare coordinated yen intervention, raising volatility risks for carry trade speculators and currency markets

The Japanese yen recorded its strongest one-day gain against the U.S. dollar in nearly two years after suspected intervention by Japanese authorities. The move adds to a long…

Coordination between Japan and the United States now appears to be the tightest in decades, fuelling one of the most notable rebounds since the yen began its years-long slide.

Tokyo and Washington saw eye to eye on halting yen weakness

Japan's finance ministry confirmed that Tokyo and Washington jointly intervened in currency markets to support the yen for the first time since 2011. The coordinated move…