Trump's Rare Intervention: US Backs Japanese Yen in 'Signal of Friendship'

US President Donald Trump announced on Sunday that his administration had intervened to support the Japanese Yen, describing the move as a 'signal of friendship' between the two nations. This rare currency intervention is the first time in nearly three decades that Washington and Tokyo have jointly backed the yen.

The Financial Times reported that the US and Japan collaborated on this move, which aims to benefit both their economies and the global market. Trump's statement highlighted the importance of bilateral relationships in stabilizing currency markets.