Yen hits three-month high after Trump helps prop up currency
US and Japanese governments confirm they carried out a rare joint intervention late last week Why has Trump stepped in to prop up Japan’s currency? Business live – latest updates The yen has hit its highest level in three months after Japan and the US launched a combined operation to support the Japanese currency. The yen strengthened to ¥155 to the US dollar on Monday, its highest level since…
The yen has reached its highest level in three months, strengthening to ¥155 to the US dollar on Monday. This increase comes after the US and Japanese governments confirmed they carried out a joint intervention late last week to support the Japanese currency. According to The Guardian, the yen's value had not been this high since early May.
The joint operation was described as rare by both The Guardian and Guardian Business.
The yen's rise to ¥155 to the US dollar was confirmed by both outlets.
Brief written by urgent.news from The Guardian, Guardian Business — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- Yen hits three-month high after Trump helps prop up currency theguardian.com
