Trump says US backed Japanese Yen in rare currency intervention

President Donald Trump confirmed on Sunday that the United States intervened to support the Japanese yen, describing the joint action with Tokyo as a "signal of friendship." According to reports, this marks the first time Washington and Tokyo have jointly backed the Japanese currency in nearly three decades.

Trump stated that the intervention would financially benefit both the United States and the broader global economy. The rare currency maneuver was publicly acknowledged by the US president over the weekend.