The U.S. moved to support Japan on Friday in their first joint action in 28 years to boost the yen after the struggling currency plunged to a four-decade low.
President Donald Trump applauded the historic intervention in the yen market as a “signal of friendship” that would financially benefit the U.S. and the wider global economy.
The full scope and scale of the joint operation is not known, but AFP reports it is the first since 2011 when the two countries — and other G7 members — sold yen to stop it rising after a huge earthquake.
Trump affirmed the concerted action aboard Air Force One saying “friendship” with Japan...
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