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US sounded like it will consider the idea of joint FX intervention with Japan - report
The headline reads that the US camp made it seem like it will consider the idea of joint FX intervention positively amid a meeting between Japan finance minister Suzuki and US Treasury secretary Yellen earlier. The details of the meeting can be found here. I'd say this is more of a verbal threat more than anything else for now. Ideally, Japanese officials would want a slower decline in the yen but I don't believe we're at the stage where both sides will agree to any major intervention. For some context, intervention to buy up the yen has been rather rare historically. The last time that happened was all the way back ... (full story)