Dollar Weakens Against Yen After Market Intervention
The US dollar has weakened against the Japanese yen after US President Donald Trump and Japan's finance minister confirmed that both countries intervened in markets.
In the past week, the dollar had reached a 40-year high of over 163 yen, but it fell below 160 yen after the market intervention was suspected.
The intervention by both countries is seen as a move to stabilize their respective economies and currencies.