NEW YORK, Aug 4 : The yen eased on Tuesday but held on to most of its gains from last week's rare coordinated intervention by Tokyo and Washington.The Japanese currency had rallied as much as 5 per cent over the last three trading sessions, with Japan confirming coordinated yen-buying intervention on Friday w

Japan is set to announce as early as Aug 3 that the two governments are working in tandem. Read more at straitstimes.com. Read more at straitstimes.com.

Japan's finance ministry said Monday it conducted a coordinated yen-buying intervention with the U.S. Treasury on Friday.

The yen surged significantly after authorities intervened in foreign exchange markets. This intervention followed a substantial yen-buying operation by Japan last week. Other…

BOJ may face ramped-up pressure from Washington to hike rates

Japan and the United States intervened jointly to support the Japanese yen currency. This rare action aimed to prevent further declines and global economic spillovers. Central…