US and Japan launch first joint yen intervention since 2011 to halt currency slide
Japan and the United States have confirmed a rare joint intervention to support the Japanese yen after it fell to a 40-year low. The coordinated move, the first since 2011, sent the yen sharply higher while the Nikkei share average fell. In this video, we explain why the intervention happened, what President Donald Trump, Treasury Secretary Scott Bessent and Japanese officials said, how financial markets reacted, and what the latest signals from the Bank of Japan could mean for the currency and global markets.
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