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Why the U.S. stepped in after decades to prop up Japan's yen — and what's at stake
Washington's decision to join Japan in supporting the battered yen has prompted questions over what motivated the rare coordinated intervention.
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channelnewsasia.com
US Treasury intervenes to support yen after Japan steps in, FT reports
July 31 : The U.S. Treasury intervened to support the yen on Friday through outright purchases, the Financial Times reported, joining Japan in its efforts to boost the currency…
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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.
