Trump Says U.S. Intervenes in Yen Market Due to Good Japan Ties, Receives Financial Benefit
President Trump stated that the U.S. is intervening in the yen because of its strong relationship with Japan, adding that America is 'always there' for Japan and gains a financial benefit from the arrangement.
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President Trump asserted that U.S. intervention in the yen is rooted in the nation's close partnership with Japan. "We're always there for them," he added, noting that America receives a financial benefit from the arrangement.
The comments highlight ongoing currency diplomacy between the two allies. No specifics were provided on the nature or scale of the intervention or the financial benefit.
Source: First Squawk