The softer Yen helping to prop up exporters . USD/JPY trading up at 79.11 , only 9 more pips till Gerry pees his pants.
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RTRS: Tokyo’s Nikkei Share Average Opens up 0.47% at 8,967.11
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US & Japan coordinate on FX intervention. Japan spent ~$63.5B to support yen, seeking US backing.
Reuters
9s ago
Japan and the US reaffirmed close coordination on currency markets, including intervention, after Finance Minister Katayama met Bessent in Tokyo, as Japan is suspected to have spent $63.5 billion defending the yen.
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