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Morning Edition · Tuesday, August 4, 2026Published at 1:32 AM EDT · New York
First Joint US-Japan Yen Intervention Since 2011 Puts Dollar Strength at the Centre of Crypto Risk
The yen moved from 163.73 to 157.57 against the dollar after Friday's action, and bitcoin's 52-week correlation with the dollar-yen rate now reads minus 0.90.
Japan's finance ministry and the United States Treasury bought yen together on Friday in a coordinated currency intervention, an operation the two governments last carried out jointly in 2011. Treasury Secretary Scott Bessent confirmed the…
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1Aug 6, 7:38 PM · edited
global central bank