US and Japan jointly intervene to support the yen with $53-59 billion in purchases, the first coordinated action since 2011, with implications

The currencies are so tightly coupled that a joint intervention could double the impact. Read more at straitstimes.com. Read more at straitstimes.com.

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.