US Treasury Intervenes in Yen as Trump Orders New Iran Strikes

The U.S. Treasury intervened in foreign exchange markets on Friday by selling euros and dollars to buy Japanese yen, a move that marks a rare direct involvement by Washington in currency markets. The intervention follows joint actions by Japan and South Korea.

The yen has been under relentless pressure, falling to its weakest level against the dollar since 1986. The Bank of Japan held rates steady after Tokyo intervened to boost the currency, but the damage had already been done.

President Trump has also ordered military action against Iran, with strikes set to begin this weekend. This decision escalates tensions in the Middle East and comes as Trump expressed doubts about ongoing talks with Tehran, saying he is seeking asset recovery.