NEW YORK, Aug 4 : The yen slipped 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

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

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.

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

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…