The Yen Intervention: A Rare Display of Economic Diplomacy The recent intervention by the United States in support of the Japanese yen has sent shockwaves through financial markets, sparking questions about the motivations behind this unusual move.
President Trump's assertion that the decision was a "signal of friendship" between the two nations may seem innocuous enough, but the implications run far deeper than a simple gesture of goodwill.
The last time Washington and Tokyo coordinated an effort to prop up the yen was in 1998, during the Asian financial crisis.