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 underscores both governments' resolve to curb excessive currency volatility, though analysts remain cautious about its long-term impact.

Japan and the U.S. may unveil a joint policy next week to defend the yen after record interventions in April and May.

Market sources earlier reported rounds of yen-buying in the market by both nations, the first such joint intervention since 2011. Read more at straitstimes.com. Read more at…

Japan's Finance Minister plans to reveal a cooperation with Washington regarding currency market interventions aimed at arresting the yen's drastic decline to levels not seen in…