Quartz·1 min read·medium
Japan and the U.S. jointly intervened to prop up the yen — and say they'll do it again
✦AI Summary
The United States and Japan conducted a joint currency intervention, spending over $36 billion to stabilize the yen. Both nations have signaled their willingness to intervene again if market volatility persists.
The two countries spent as much as $36.58 billion buying yen on Friday and both said they will act again if needed
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