Monday, August 3

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Topic: bank-of-japan

The Bank of Japan head office in Chuo, Tokyo

Monday, 8/3, 01:51 AM

The US and Japan intervened together to prop up the yen for the first time since 2011

Japan's finance ministry and the US Treasury acted jointly in the currency market to stop the yen falling.
Al Jazeera reports it is the first such joint intervention since 2011, after Japan's earthquake.
The dollar had reached a 40-year high near 164 yen; it fell to 157.07 after President Trump's remarks and settled at 157.70.

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