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Yen hits three-month high after Trump helps prop up currency

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US and Japanese governments confirm they carried out a rare joint intervention late last weekWhy has Trump stepped in to prop up Japan’s currency?Business live – latest updatesThe yen has hit its highest level in three months after Washington and Tokyo 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, as the two governments confirmed they had carried out a rare joint currency...

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 Washington and Tokyo 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, as the two governments confirmed they had carried out a rare joint currency intervention late last week.

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Originally published by The Guardian Business Read original →