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Verilumia

The Daily Verified Briefing

Markets

US backs Japan yen stabilization after joint intervention

Published 4 August 2026

The United States has pledged continued support for Japan's efforts to stabilize its currency following a rare joint intervention last week, a move aimed at addressing the yen's steep decline and its potential ripple effects on the global economy. Treasury Secretary Scott Bessent affirmed the U.S.

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