‘Japan’s been very good to us, with the exception, of course, of Pearl Harbor’: Trump awkwardly comes to the Yen’s rescue

The U.S. dollar weakened against the Japanese yen after officials confirmed joint market intervention by the U.S. and Japan. President Trump and Japanese Finance Minister Satsuki Katayama acknowledged coordinated efforts to stabilize the yen, which has been weakened by high U.S. interest rates and rising global oil prices.