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Yen Bears Face Risks on Joint US-Japan Action, Strategists Say
Strategists warn that coordinated US-Japan intervention in currency markets increases risks for those betting against the yen. President Donald Trump stated the US joined the intervention as a sign of friendship with Japan.
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Adjacent reporting
- Japan and US confirm rare joint intervention to prop up yen
- Trump Says Yen Intervention Is Signal of Japan Friendship
- Trump says US backed Japanese Yen in rare currency intervention
- Yen Traders Brace for More Intervention With US at Japan’s Side
- Trump Says US Intervention in Yen Was ‘A Signal of Friendship’
- Yen Traders Brace for Intervention as Trump Backs Japan