US and Japan vow further yen action
Japan's top currency diplomat called the joint action the "culmination" of the US-Japan alliance, while President Donald Trump said it was a “signal of friendship.”
The US and Japan have committed to further yen intervention to prevent economic spillover, marking a "culmination" of their alliance, according to Japanese and American leaders. President Donald Trump described the joint action as a "signal of friendship." However, the strategy has been criticized for its potential financial risks, with some analysts arguing that selling euros to buy yen could undermine the effectiveness of US participation and create doubts about the US's commitment.
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