Yen hits three-month high after Trump helps prop up currency
- 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 early May, after Tokyo and Washington confirmed they had carried out a rare joint currency intervention late last week.
- Tokyo’s finance ministry said on Monday the two governments had conducted coordinated yen-buying intervention and would not hesitate to take further action.
Unverified
- 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 early May, after Tokyo and Washington confirmed they had carried out a rare joint currency intervention late last week.
- Tokyo’s finance ministry said on Monday the two governments had conducted coordinated yen-buying intervention and would not hesitate to take further action.
Sources: Guardian