The United States has joined Japan in intervening to support the Japanese yen, a move President Donald Trump described as being for the benefit of the global economy and offering a "financial benefit" to the U.S.
"They have a weakening yen, and they wanted a little bit of help," Trump told reporters. He added that the U.S. is "always there" for Japan.
This joint action follows an agreement made in September 2025, where finance ministers from both nations stated that coordinated intervention should be reserved for periods of "excess volatility and disorderly movements."
Japan had previously voiced "serious concern" over the yen's rapid depreciation in March and undertook unilateral intervention between April 28 and May 27. Despite these efforts, the currency continued to weaken, reaching a low of 163.73 yen per dollar on Thursday before recovering to 157.57 by Friday.
Japan's Finance Minister Satsuki Katayama affirmed that both countries "will not hesitate to conduct further joint intervention" if necessary.