U.S., Japan confirm coordinated yen intervention, signal readiness for more

The yen held firm on Tuesday as traders remained on alert to the prospect of a coordinated currency intervention by authorities in the U.S. and Japan.Twenty47studio | Moment | Getty ImagesJapan's finance ministry said Monday it had conducted a coordinated yen-buying operation with the U.S. Treasury on Friday, marking a rare joint move by the two allies to stem sharp swings in the Japanese currency.Japan said it "will not hesitate to conduct further coordinated interventions in the future" and remains in close communication with the U.S. Treasury. Finance Minister Satsuki Katayama said that Japan "remains attentive and in close communication with counterparts at U.S. Treasury."The Japanese yen had hit 163.73 against the greenback on Thursday last week, and strengthened to 157.57 on Friday. It was trading at 157.70 per dollar on Monday. The ministry said the intervention was carried out "in accordance with the 'Joint Statement of the Japanese and U.S. Finance Ministers'" issued in September 2025 and was aimed at addressing "the recent excessive volatility and disorderly movements of the yen."The ministry also said Japan plans to utilize the Federal Reserve's foreign and international...