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US and Japan intervene, pushing dollar below 160 yen
The U.S. and Japan coordinated to intervene in currency markets, pushing the dollar below 160 yen. This rare joint action aims to stabilize exchange rates, reduce Japanese inflation, and boost U.S. ex
NPR News — 2 August 2026
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The U.S. dollar fell sharply below 160 yen on Monday after the Trump administration and Japan’s finance ministry said they had stepped into the market
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