US and Japanese governments confirm they carried out a rare joint intervention late last week
The yen has hit its highest level in three months after Japan and the US launched a combined operation to support the Japanese currency.
The yen strengthened to ¥155 to the US dollar on Monday, its highest level since early May, after Tokyo and Washington confirmed they had carried out a rare joint currency intervention late last week.
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This article was originally published by The Guardian and written by Graeme Wearden.
Read original article on The Guardian