BUSINESSAug 3 · 02:16 UTCWTOP DCWTOP Staff

US dollar weakens sharply against the Japanese yen after market interventions

The U.S. dollar weakened sharply against the Japanese yen after U.S. President Donald Trump and Japanese finance minister Satsuki Katayama confirmed coordinated market interventions. The dollar dropped from above 163 yen to 156.34 yen following the announcement, as Tokyo seeks to counter the yen's prolonged weakness, which exacerbates inflation by raising import prices.

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Donald TrumppersonSatsuki KatayamapersonUS Treasury DepartmentorganizationJapanese Finance MinistryorganizationJapanplaceUS DollartopicJapanese yentopicmarket interventionstopic

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