Dossier
joint intervention
Coverage of joint intervention in the Nexus archive.
- US-Japan trade thaw driven by shared yen for stronger currency
A rare joint US-Japan intervention to stabilize the yen has boosted bilateral relations temporarily, but analysts question the sustainability of the yen's rebound amid ongoing market and policy pressures. The intervention, the first US yen purchase since 1998, followed the yen's drop to a four-decade low of 164 yen to the dollar, briefly lifting it to 155.2.