00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The Japanese yen surged more than 1% against the dollar on Monday after Japan,
00:07and the U.S. confirmed they conducted coordinated currency intervention last week, according to Bloomberg.
00:12The move marked their first joint operation in 15 years.
00:16Treasury Secretary Scott Besant said the U.S. would not hesitate to intervene again,
00:20while President Trump called the action a signal of friendship.
00:24The coordinated effort reversed more than two months of yen losses through direct market purchases,
00:28official messaging, and coordination with banks.
00:32Analysts said further intervention is possible if the yen weakens again.
00:35Many cautioned that Japan's fiscal challenges, higher oil prices,
00:39and the wide interest rate gap with the U.S. continue to weigh on the currency over the longer term.
00:44For all things money, visit Benzinga.com.
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