Dossier
Japanese Yen (JPY)
Coverage of Japanese Yen (JPY) in the Nexus archive.
- Bessent joins Japan to help reverse months of yen losses
The US and Japan coordinated efforts to reverse the yen's decline, with the yen reaching 157.40 to the dollar, its strongest level since early May. US Treasury Secretary Scott Bessent and Japanese Finance Minister Satsuki Katayama led interventions including direct yen purchases and verbal support, signaling tight coordination between the two countries.