Japan and the United States jointly intervene in the exchange rate to curb the depreciation of the yen

According to Jinshi, during the U.S. trading session on Thursday, the exchange rate of the yen against the dollar surged sharply, reaching as high as 157.8 yen per dollar. Market insiders revealed that the Japanese government and the Bank of Japan implemented a currency intervention by buying yen and selling dollars, while U.S. monetary authorities also conducted a "currency check" as a preliminary stage of intervention. This indicates that Japan and the U.S. have jointly taken action to curb the depreciation of the yen.