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U.S. President Trump and Treasury Secretary Scott Bessent have both confirmed a joint U.S.-Japan intervention in the yen, sending shockwaves through global financial markets. (File photo by Lin Yen-cheng)

Yen Surge Defuses Carry Trade Bomb, Former Taiwan Deputy Premier Warns

The yen has been extraordinarily weak, with markets watching and waiting for the Bank of Japan to intervene.

Japan's Yen Crisis Goes Deeper Than the Bank of Japan Can Fix