US and Japan Team Up to Buy Yen | Auckland News

The U.S. and Japan surprise the world by jointly buying Japanese yen — a rare move in over a decade — to halt its 40-year low against the dollar, driven by soaring energy costs and inflation fears. President Trump frames it as a “signal of friendship,” while Treasury Secretary Scott Bessent backs Japan’s push to counter “excessive volatility” and calls the yen “substantially undervalued.” With a rumored $5-10 billion target, the intervention aims to stabilize Japan’s currency, which has been pressured by ultra-low interest rates, overseas investments, and global capital flows. Analysts remain skeptical, warning such moves may only “buy time” rather than reverse the yen’s long-term slide — though markets did rally briefly after the announcement. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/226191ad6c32251a