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Although forex market intervention can affect exchange rates, most strategists believe interest rate differentials are the ultimate arbiter of the direction of travel. Japan's rates are much lower than the U.S.
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US dollar weakens sharply against the Japanese yen after market interventions AP NewsThe US has stepped in to buy Japanese yen. Why? CNNYen hits three-month high after Trump helps prop up currency The GuardianU.S., Japan confirm coordinated yen intervention, signal readiness for more CNBCU.S. dollar weakens sharply against the
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Finance minister Satsuki Katayama confirms joint action with Washington to counter ‘disorderly movements'
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