Why the Trump administration is helping support Japan’s weakening yen

The United States and Japan last week staged a coordinated intervention to halt the slide of the yen after the Japanese currency fell to a 40-year low against the US dollar.While it is unusual for authorities to intervene to help prop up another country’s currency, the yen has an important role in international finance as the world’s third-most-traded currency, meaning its depreciation has repercussions far beyond Japan.Recommended Stories list of 4 itemslist 1 of 4Colombia’s Petro repeats vote fraud claims days before handing over powerlist 2 of 4Bodycam video shows firefighters battling blaze in Spokane, USlist 3 of 4Why are the Washington wildfires so severe?list 4 of 4Palestine weekly: Israel kills dozens in Gaza after Hamas disarmament dealend of listHere is everything you need to know about the currency intervention:What is a currency intervention and how did the US and Japan coordinate?A currency intervention occurs when a government or central bank buys or sells large quantities of foreign currency to help stabilise the value of its own currency.In this case, the US and Japan coordinated an intervention to lift the value of the yen after it slid to 163 against the dollar fo...