US Intervenes to Support Yen in Rare Currency Move
On August 3, 2026, President Donald Trump announced that the United States had intervened to support the Japanese yen in a rare currency intervention. This move, described by Trump as 'a signal of friendship', marked the first time in nearly three decades that Washington and Tokyo jointly backed the yen.
The Financial Times reported on the intervention, noting its significance in the global economy. According to Trump, this action would benefit both the US and the global economy.