Japan, U.S. intervened in currency market for 1st time in 15 years

NAMPA / Xinhua

2026-08-03

TOKYO, Aug. 3 (Xinhua) -- Japan and the United States have conducted a coordinated yen-buying intervention in the currency market, Finance Minister Satsuki Katayama said Monday, the first such move in 15 years. The joint action on Friday during New York trading came after the yen hit 163.99 to the U.S. dollar on July 23, its weakest level in around 40 years. The intervention was taken pursuant to the U.S.-Japan Finance Ministers' Joint Stat......

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