The US and Japan conducted their first joint yen-buying intervention since 2011 after the currency hit 163.99 per dollar. Here's what it means

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.

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.