Japan and the U.S. have staged a coordinated currency intervention to support the yen, while U.S. markets rally on tech stocks with Amazon hitting a record market cap. Meanwhile, Hugging Face CEO Clément Delangue stated that China is leading the AI race.
The Japanese yen surged to a two-month high after a rare joint currency intervention by Tokyo and Washington, following its drop to a 40-year low. US President Donald Trump called the move a "signal of friendship," with analysts noting Japan's favorable window and US aims to limit Treasury selling pressure.
The Japanese yen reached a three-month high against the US dollar after Japan and the US conducted a rare joint currency intervention to support the yen, which had weakened to a 40-year low. Both nations confirmed further action if needed, while analysts offer mixed views on the long-term impact.
Japan's central bank maintains 1.0% interest rate, aligns with market expectations. Yen surges 3.5% after reported intervention, with South Korea joining. BoJ warns of CPI inflation exceeding 2% in 2026's second half.
