The Japanese yen rebounds to a multi-month high against the US dollar following support from the US Treasury and the Federal Reserve.

Bloomberg · 2 days ago
  • The United States joined Japan in engineering a significant rebound in the yen, reversing a years-long decline.
  • At the close of New York trading on Friday, the yen strengthened to 157.40 per dollar, its highest level since early May.
  • Just two days prior to the rebound, the yen was trading near its weakest levels since 1986.