USD/JPY pair recovers to near 157.65 after three-day loss
The USD/JPY pair has recovered some lost ground to near 157.65, snapping a three-day losing streak.
This rebound comes after coordinated operations in Tokyo and New York triggered a dramatic rebound in the currency.
The US and Japan are working together to shore up the currency, with the US indicating it won’t hesitate to step into the market again.