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France 24
France 24
FRANCE 24

Trump says US backed Japanese yen in rare currency intervention

United States Donald Trump Japan Economy Washington D.C. FT the US Treasury Tokyo
This photo illustration taken on December 5, 2024 shows new Japanese 10,000 yen notes
This photo illustration taken on December 5, 2024 shows new Japanese 10,000 yen notes. © Richard A. Brooks, AFP

President Donald Trump said on Sunday the United States had intervened to support the Japanese yen, describing the move as a "signal of friendship" that would benefit both the US and global economy. The Financial Times reported Washington and Tokyo had jointly backed the yen for the first time in nearly three decades.

President Donald Trump on Sunday confirmed that the United States had intervened to support the Japanese yen, calling the move a "signal of friendship" that would financially benefit the US and world economy.

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