Discover how a US-Japan pact came together to combat yen speculators and the reasons behind their joint currency intervention efforts. Read more at straitstimes.com. Read more at straitstimes.com.

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…

It was Washington's first yen-buying intervention with Tokyo in more than a decade as it languishes near 40-year lows.