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Morning Edition · Monday, August 3, 2026Published at 1:28 AM EDT · New York
United States and Japan Confirm First Joint Yen Intervention in 15 Years
Treasury Secretary Scott Bessent said the United States 'will not hesitate' to repeat the coordinated yen-buying, and that it drew on a Federal Reserve lending facility to do so.
The United States and Japan have confirmed a rare coordinated intervention to support the yen, their first joint action in the currency market in about 15 years. Al Jazeera reports that Japan's Ministry of Finance conducted joint yen-buying…
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