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U.S. and Japan Intervene in Yen Market | Lubbock News

U.S. and Japan Intervene in Yen Market | Lubbock News

Published 1 week, 3 days ago
Description

The U.S. dollar plunged against the yen after hitting a 40-year high, sparking inflation fears in Japan — until Washington and Tokyo secretly teamed up to stabilize the currency. President Trump framed it as friendly intervention with a Pearl Harbor nod, while Japan’s finance minister confirmed coordinated buying to calm volatility. Experts say this rare move could make American goods cheaper in Japan and jumpstart exports — all while keeping markets from spiraling.

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