Japanese authorities, in coordination with the United States, carried out a yen-purchasing foreign exchange intervention on Friday, according to FX Street. This joint action reflects ongoing efforts to stabilize the yen amid recent market volatility.
Japan’s Finance Minister Satsuki Katayama confirmed the intervention and emphasized that officials remain ready to execute further coordinated measures with Washington if necessary, FX Street reported.
This move comes as the yen has faced pressure in global markets, prompting authorities to act decisively to support the currency and maintain financial stability.