Japan and the US reportedly took the unusual step of conducting coordinated intervention for the first time in 15 years to curb the yen's sharp appreciation. The scale of the intervention was reportedly approximately ¥5 trillion.
Following reported coordinated intervention by Japan and the US for the first time in 15 years, the intervention was reportedly conducted in the foreign exchange market to calm the yen's sharp appreciation.
The intervention was reportedly on a scale of approximately ¥5 trillion, and has been described as an unusual response.
The market is said to have shown a temporary reaction, with further updates awaited on future developments.