Japan to announce Tokyo, Washington took joint action on yen, sources say

Tokyo and Washington jointly stepped into currency markets to stop the yen's slide to 40‑year lows, with Japan set to announce the move.
It’s the first US‑Japan joint yen intervention since 2011, with reports Japan used roughly $59 billion in market operations to support the yen.
The action shows close coordination amid worries about rising US Treasury yields and comes as the BOJ hints it may raise rates, underscoring global market risks.