According to CoinMeta, recently the United States and Japan confirmed joint intervention in the yen exchange rate. U.S. Treasury Secretary Steven Mnuchin stated on social media that the coordinated foreign exchange intervention by the two countries effectively curbed the disorderly fluctuations in the yen exchange rate, and emphasized that the Trump administration strongly supports Japan's market and monetary policy measures taken to correct the significantly undervalued yen. Mnuchin noted that the U.S. Treasury Department is closely monitoring the situation and will not hesitate to participate in further joint interventions. Japanese Finance Minister Taro Kato also confirmed that Japan and the United States jointly carried out foreign exchange market intervention and stated that they will continue to do so in the future. To curb the historic depreciation of the yen, the monetary authorities of Japan and the United States jointly implemented intervention in the market to buy yen last week. In the international foreign exchange market, the trend of buying yen and selling dollars dominated, with the yen exchange rate rising to around 156 yen per dollar for a time, reaching this level again since early May of this year.