U.S. Joins Japan in Rare Yen Support, Using Euros Rather Than Dollars
Japan confirmed it took part in yen-buying market intervention on Friday with assistance from the U.S. Treasury. Market participants say the U.S. bought yen using euros rather than dollars, a tactic analysts call highly unusual. Authorities appear intent on strengthening the yen without signaling a desire for a weaker dollar, a stance shaped by U.S…