Trump says US support for Japanese yen a ‘signal of friendship’
The Financial Times reported on Friday that the US Treasury had jointly intervened with Japan to prop up the yen for the first time in nearly three decades.
President Donald Trump has confirmed that the United States intervened to support the Japanese yen, describing the move as a "signal of friendship" that would financially benefit the US and the world economy. The intervention, which has not been seen since 1998, was reportedly carried out by the US Treasury in collaboration with Japan to prop up the yen after it weakened to its weakest level since 1986.
Trump attributed the move to the strong relationship between the two countries, emphasizing that the US will benefit financially from the decision.
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