Dollar sinks against yen after Trump administration intervention

A joint intervention between Japan and the Trump administration has caused the U.S. dollar to sink against the yen. Markets show the U.S. dollar sits at 156.80 yen as of Monday morning after reaching a 40-year high of 164 yen in July. The drop follows the Treasury Department’s decision to sell off euros for yen...

A joint intervention between Japan and the Trump administration has caused the U.S. dollar to sink against the yen. Markets show the U.S. dollar sits at 156.80 yen as of Monday morning after reaching a 40-year high of 164 yen in July. The drop follows the Treasury Department’s decision to sell off euros for yen...