Japan, US step in to support yen with rare joint intervention; Tokyo keeps door open for more action
Japan and the United States intervened in currency markets to address yen volatility.
This joint action followed a September 2025 finance ministers' statement.
Tokyo is ready for further intervention if the yen continues to swing.
Japan also plans to use the Federal Reserve's FIMA Repo Facility.
Economic growth forecasts were cut due to oil prices and a weaker yen.
US‑Japan intervene to prop up yen
- U.S. dollar weakens sharply against yen after market interventions Japan Today —
- US dollar weakens sharply against the Japanese yen ABC News —
- U.S. dollar weakens sharply against the Japanese yen after market interventions NPR —
- US dollar weakens sharply against the Japanese yen after market interventions The Independent —
- US dollar weakens sharply against the Japanese yen after market interventions The Philadelphia Inquirer —