According to a report cited by ChainCatcher from Jinshi, Japanese Finance Minister Satsuki Katayama is set to announce on Monday that Tokyo and Washington have taken joint action to curb the yen’s depreciation. The report also said the coordinated intervention by Japan and the United States in the yen market is still ongoing. No further details on the scale, timing, or mechanism of the intervention were provided in the brief. The update was published as a 7x24 newsflash by ChainCatcher, citing Jinshi as the source.
ChainCatcher, citing Jinshi, reported that Japanese Finance Minister Satsuki Katayama will announce on Monday that Tokyo and Washington have taken joint action to curb the yen’s depreciation.
The report added that the joint U.S.-Japan intervention in the yen is still ongoing.
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