Why it matters
Currency moves can affect U.S. exporters, importers and investors with exposure to Japan. The reported U.S. participation also makes the intervention relevant to U.S.-Japan economic coordination.
ECONOMY • JAPAN / UNITED STATES
Japan reportedly spent a record $50 billion in one day to support the yen
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BLUF
Japan spent a reported $50 billion in a single day in July to bolster the yen, according to The Wall Street Journal. The report says the campaign included rare joint action with the United States.
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