THE US HAS HELPED PULL JAPAN’S YEN OUT OF A 40-YEAR LOW. WHY?

Only days ago, the Japanese yen’s descent showed no signs of stopping, having already dropped to a 40-year low. But by Monday morning – after a rare intervention on the currency’s behalf by Tokyo and Washington – it surged as high as 155.23 per US dollar, its strongest level since early May, according to Chinese financial data…

News - South China Morning Post reports that only days ago, the Japanese yen’s descent showed no signs of stopping, having already dropped to a 40-year low.

The report adds: But by Monday morning – after a rare intervention on the currency’s behalf by Tokyo and Washington – it surged as high as 155.23 per US dollar, its strongest level since early May, according to Chinese financial data…

The joint action took on an extra layer of intrigue after a Reuters photograph revealed that a “to-do” list from US Treasury Secretary Scott Bessent during...

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