El yen pierde casi la mitad de las ganancias logradas tras intervención conjunta con EEUU

The Japanese yen traded near 159 yenes per dollar on Tuesday, according to EFE reports from Tokyo. This level represents a loss of nearly half of the gains the currency had previously secured following a joint intervention by Tokyo and Washington at the end of July.

The coordinated currency intervention by Japanese and U.S. authorities had initially succeeded in strengthening the yen to curb its recent depreciation. However, the currency has since relinquished a significant portion of those gains, returning close to the 159 threshold against the U.S. dollar.