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Japan and US confirm rare joint intervention to prop up yen | Business and Economy News

Japan and the United States have confirmed a rare, coordinated yen-buying intervention to halt the Japanese currency’s slide to 40-year lows, with Tokyo signalling it is willing to take further action if needed.

The Japanese Ministry of Finance confirmed the joint intervention after a statement by US President Donald Trump on Sunday announced that Washington was helping to prop up the yen as a sign of friendship and to support the global economy.

“They have a weakening yen, and they wanted a little bit of help. And we’re always there for Japan,” Trump said in response to a reporter’s query about why the US is helping to support the currency.

The yen leapt after the announcement, leaving traders on high alert for further intervention from authorities. The Japanese currency gained as much as 1.4 percent to hit a nearly three-month high of 155.20 per US dollar, compounding a 3.8 percent surge over the previous two sessions. The yen also advanced broadly against other major currencies, including the euro and sterling.

The latest bout of aggressive yen-buying heavily pressured the US dollar. In early Asian trading on Monday, the euro climbed to a 1.5-month high of $1.1559, while sterling hovered near a two-week top at $1.3476.

However, the rapid appreciation of the currency immediately weighed on the equity market. The Nikkei share average tumbled, reversing course from the one-week high it had achieved in the previous session.

Analysts say the intervention underscores both countries’ resolve to prevent global spillovers from a sell-off in the yen and Japanese government bonds, including by adding pressure on already rising US Treasury yields.

Japan has been struggling to curb a relentless drop in its currency that has pushed up import prices and stoked broader inflation, hitting household wallets and Prime Minister Sanae Takaichi’s approval ratings.

In its statement, Japan’s Finance Ministry said Friday’s yen-buying intervention with the US Treasury Department “countered excessive volatility and disorderly movements in the Japanese yen in recent months”.

“The Japanese Ministry of Finance remains attentive and in close communication with our counterparts at the U.S. Treasury,” it added. “We will not hesitate to conduct further joint intervention.”

The joint intervention is the first since a 2011 coordinated action to weaken the yen after the devastating earthquake in eastern Japan.

Tokyo may have sold as much as $58.97bn to buy yen when it intervened in New York markets on Thursday, Bank of Japan data indicated, before Friday’s confirmed joint intervention with Washington.

US Treasury Secretary Scott Bessent also confirmed Friday’s effort, noting on Sunday that Washington “will not hesitate to participate in further joint intervention”.

“We strongly support Japan’s decisive market and monetary steps to correct the substantial undervaluation of the yen,” Bessent said in a separate statement on X, repeating his calls for further interest rate hikes by the Bank of Japan.

In line with Bessent’s repeated calls for higher Japanese interest rates, the Bank of Japan on Friday offered its most explicit signal to date of an early rate hike, even as it kept monetary policy steady.

In a sign of broader policy coordination, South Korea also stepped in to buy its won currency on Thursday.

Japan intervened in April and May, buying yen, but the move triggered only a brief rebound. The Bank of Japan’s June rate hike to a 31-year high of 1 percent also gave the struggling currency little lasting boost.

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Does a cryptic Emmerdale scene confirm Graham and Serena are in cahoots?

Emmerdale has aired two very similar scenes this year which both confirm similar twists, so what if it was intentional, and we’ve just uncovered a Graham and Serena link?

It’s Emmerdale theory time, and I may have just rumbled an explosive twist yet to be confirmed on the ITV soap.

It might be pretty far-fetched, but there could be something in it. Firstly, it’s Emmerdale, anything can happen, but secondly, there’s been two scenes recently that almost mirror each other.

The dialogue is different, but what is alluded to and how they both unfold is very similar. So much so, I’m wondering if I’ve answered two big questions by linking the scenes.

Now, cast your minds back to a few months ago, when Graham Foster was confirmed to be targeting Kim Tate. He drugged her, and a phone call with a mystery person, still not identified, confirmed he was working with or for someone to target Kim.

Graham had revealed the drugs had not killed Kim and so their plan had not worked. He’s since confessed all to Kim and seemingly dropped the plan, but we still do not know who he was talking to about it on the phone.

This week on the ITV soap, it was Serena Sugden acting shifty at Home Farm. She broke in and stole a USB from Kim, which she had checked before she returned it.

Since then, she’s been trying to find any reason she can to be at Home Farm. She too had a cryptic phone call, confirming she was working for or with someone.

Again, like Graham, she is seemingly targeting Kim, trying to find something. So far, she’s told the person on the phone that they’ve got nothing yet, so what are they looking for and why is Kim yet again being targeted?

So this all got me thinking, and I wondered if the person in cahoots with Graham is none other than… Serena. What if he got too close last time, and so has enlisted the help of Serena to sneak into Home Farm to make it less obvious it’s him, and also while he sorts other issues out.

What if Serena was talking to Graham this week. One thing doesn’t make sense about this theory. Graham lives at Home Farm so if the was after something, surely he could just get it himself.

But what if it’s all to throw us as viewers off the scent, or perhaps he has no idea where the mystery thing they are trying to find is? Then I thought maybe it isn’t Graham and Serena who have teamed up.

But what if the plots are still linked? What if Graham and Serena have, knowingly or unknowingly, teamed up with the very same person? The fact they were both in cahoots with someone who is out to get Kim, it seems, surely cannot be a coincidence.

So what if the person gave up on Graham’s help and has now switched to Serena. So is the caller for both characters the same person? Could it be someone in the village or a past character?

Theories have included Jamie Tate, Sadie King, or another character. After all, Emmerdale boss Laura Shaw did confirm a Tate would be heading to the show very soon – while she did not specify if it was a new Tate or a returning Tate.

Emmerdale airs weeknights at 8pm on ITV1 and ITVX. * Follow Mirror Celebs and TV on TikTok , Snapchat , Instagram , Twitter , Facebook , YouTube and Threads .



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Channel 4 confirm new war period drama as ‘stellar cast’ announced

Channel 4 has confirmed that filming for its new period drama Army of Shadows has begun.

A new production is in the works for Channel 4 as they announced a six-part series is underway.

Army of Shadows will feature the likes of MobLand’s Alex Hassell, Kit Harrington, Lisa Gunning, Paddy Considine and America Ferrera in the upcoming period drama.

The synopsis reads: “Britain looks almost normal, but the flags are different, the news is careful, and nobody says certain things out loud anymore. But everyone can feel it. Somewhere beneath the surface of ordinary life, something has gone terribly, quietly wrong.

“Out of the shadows emerges a former soldier known only as Berry, who starts building a secret resistance network. He knows one thing above all else: don’t act before you’re ready.”

An unlikely band of individuals, comprising a soldier, student, journalist and radiographer, gradually gathers around him as they conclude they can no longer turn a blind eye.

The synopsis continued: “Ordinary people, with ordinary lives, making an extraordinary and irreversible choice. Against them: a state with unlimited reach, a ruthless minister who’ll do whatever it takes to maintain “order”, and an American intelligence operative called Jessie, who is very, very good at her job.

“Army of Shadows is a tense, propulsive thriller about what resistance actually costs. If your country were occupied, what would you do?”

The broadcaster has confirmed that production has kicked off across Liverpool, Manchester, London and Paris.

Billed as ‘provocative’, Army of Shadows draws from Jean-Pierre Melville’s 1969 film and Joseph Kessel’s landmark novel of the same name.

Penned by Ronan Bennett, Army of Shadows charts how resistance begins to take hold in an occupied Great Britain during the Second World War, reports the Liverpool Echo.

Discussing the upcoming drama, Interim Head of Drama at Channel 4, Gwawr Lloyd, expressed their enthusiasm while applauding the ‘stellar cast’ signed up for the series.

They said: “Ronan Bennett has created a gripping, provocative and action-packed drama that feels both epic in scale and strikingly relevant. Army of Shadows asks powerful questions about freedom, resistance and the choices people make when democracy is under threat.

“With a stellar cast lined up under the direction of Lisa Gunning, this is exactly the kind of thought-provoking and high-stakes drama that Channel 4 looks to bring to our viewers.

“We’re delighted to partner with STUDIOCANAL and Two Cities Television on what promises to be an unmissable event series.”

Channel 4 has confirmed that additional information regarding the show’s broadcast date will be revealed in due course.

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Mis-Teeq CONFIRM they’re reuniting for 25th anniversary and reveal why they’re finally getting back together

IT’S the news that all Mis-Teeq fans have been waiting for – the band have announced they are reuniting.

The noughties girlband, made up of Alesha Dixon, 47, Sabrina Washington, 47, and Su-Elise Nash, 45, shared their exciting news this morning.

The girls from the band Mis-Teeq arrive at the Royal Albert Hall for the MOBO Awards Ceremony.
Girl group Mis-Teeq have announced they are reuniting Credit: Times Newspapers Ltd

Announcing the news in Vogue, the trio revealed they would be doing a one-off show at Wembley Arena in September.

Revealing why they got back together, Alesha said: “We’ve been offered reunion stuff over the years, but it’s never felt right.

““This time, everything just lined up.”

The BGT star added: “It feels like it is just slotting back into place, guys.

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“It’s just like it used to be – me saying too much and them two looking at me like, ‘Oh, here she goes!’”

The band’s reunion is to celebrate the 25th anniversary of their debut album, Lickin’ On Both Sides.

The record, which came out in October 2001, peaked at No3 in the Official Album Charts and bagged them five Top Ten singles including All I Want, One Night Stand and B With Me.

The Sun revealed in January that the band would be getting back together.

A source said at the time: “Alesha has been excitedly talking about this for a while and would love a Mis-Teeq reunion with Sabrina and Su-Elise to happen.

“Fans shouldn’t expect a Girls Aloud-style comeback tour, though.

“At the minute, lots of things are being discussed and one thing that has come up is the idea of a one-off show. It could be an intimate gig for their die-hard fans or a performance on a big TV programme such as Britain’s Got Talent — which Alesha is a judge on.

“Nothing has formally been offered but nothing is off the table.

“Lickin’ On Both Sides launched Alesha, Sabrina and Su-Elise’s music careers and that record holds a really special place in their hearts.

“They want to celebrate that album with their fans.”

More on this story to follow…

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