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BUSINESSAug 3 · 10:30 UTCSCMP CHINASylvia Ma

The US has helped pull Japan’s yen out of a 40-year low. Why?

The US and Japan jointly intervened to support the Japanese yen, which had fallen to a 40-year low, causing it to surge to 155.23 per US dollar. The intervention involved US Treasury Secretary Scott Bessent, as indicated by a Reuters photograph of his to-do list.

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United StatesplaceJapanplaceJapanese yentopicScott BessentpersonUS TreasuryorganizationReutersorganizationWindorganization
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