Dollar Weakens Sharply Against Yen After Market Interventions Confirmed
The US dollar has seen a sharp decline against the Japanese yen after market interventions from both countries. On Monday, US President Donald Trump and Japan's finance minister confirmed that they had stepped in to influence market trends.
Before this development, the dollar was trading at an all-time high of 163 yen, but it quickly fell below 160 yen after regulators were suspected of intervening in the markets.