Why did the US intervene to support the Japanese yen for the first time in a decade?
For the first time in ten years, the US has stepped in to purchase Japanese yen following the currency's slide to a 40-year low. Because Japan holds the largest amount of US Treasuries, a continued decline in the yen risks prompting the sale of these assets, which would increase borrowing expenses for the US. By helping to stabilize the yen, Washington aims to reduce the strain on its own financial system and debt markets.
by shortkt.com✓