A joint intervention between Japan and the Trump administration has caused the U.S. dollar to sink against the yen.
Markets show the U.S. dollar sits at 156.80 yen as of Monday morning after reaching a 40-year high of 164 yen in July.
The drop follows the Treasury Department’s decision to sell off euros for yen on Friday in an effort to intervene on behalf of Tokyo’s deflating currency.
The amount of euros used to purchase yen was not made clear by the Financial Times, which reported the move launched by the Federal Reserve Bank of New York.
Sales were conducted through Goldman Sachs and Morgan Stanley, two people familiar with the matter told the outlet.
International Glance
Russian missiles tore into the Ukrainian capital before dawn on Saturday, killing nine people and injuring more than 30 others as part of an intensive, ongoing Russian air campaign.
US President Donald Trump on Friday told reporters that the "Board of Peace" will be the one to collect Hamas's weapons as the group begins to disarm, even though the board itself had announced that a Palestinian technocratic body will assume that role.
Russia launched a mass ballistic missile attack on Kyiv early Saturday, killing at least four people and injuring 15 others as repeated explosions shook the Ukrainian capital.
Since U.S. President Donald Trump imposed an executive order in January threatening tariffs on any country that ships fuel to Cuba, major media outlets have descended on the island to report on the resulting prolonged blackouts, collapsing hospitals, and piles of uncollected trash.
Earlier this month, Israel's National Security Minister Itamar Ben Gvir announced that Israel would use Nile crocodiles as prison guards for Palestinian political prisoners.





























