US and Japan Team Up on the Yen for the First Time Since 1998

The US and Japan launch a rare joint intervention to prop up the yen, the Fed holds rates steady at 3.50-3.75%, Amazon crosses a $3 trillion market cap on AWS strength, oil prices tumble after Trump calls off an Iran strike, and Visa buys fraud-detection firm BioCatch for $2.4 billion. In this episode: • U.S. and Japan conduct first joint yen intervention since 1998 to support the currency — https://www.cnbc.com/2026/08/03/japan-yen-intervention-us-treasurys-euros-.html • Fed holds interest rates steady, citing recent inflation moderation — https://abcnews.com • Amazon tops $3 trillion market cap as stock continues post-earnings surge — https://www.cnbc.com/2026/08/03/amazon-amzn-stock-market-cap-earnings.html • Oil prices tumble after Trump calls off attack on Iran and signals talks will resume — https://www.cnbc.com/2026/08/03/oil-prices-today-wti-brent-hormuz-trump-iran.html • Visa to buy cybersecurity firm BioCatch for $2.4 billion amid surge in AI-powered scams — https://www.cnbc.com/2026/08/03/visa-buys-biocatch-fraud-detection.html