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Japan, US team up to defend yen in rare forex move — first since 2011

Philippine Daily Inquirer

BusinessPhilippine Daily Inquirer·Aug 3, 2026·1 min read

Japan, US team up to defend yen in rare forex move — first since 2011

TOKYO – Japanese and U.S. monetary authorities bought yen during foreign exchange trading in New York, according to sources, marking their first joint intervention in 15 years. The yen surged against the dollar afterward, briefly reaching…

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