[U.S. and Japan Jointly Intervene in Forex Market for the First Time in Nearly 30 Years, Planning to Purchase $5 Billion to $10 Billion Worth of Yen] According to the Financial Times, the U.S. Treasury and Japan have jointly intervened in the yen exchange rate by directly purchasing yen to support the currency. This marks the first time in nearly 30 years that the U.S. and Japan have taken such joint action. The New York Federal Reserve executed the operation on behalf of the U.S. Treasury by selling euros to purchase yen, with the transactions carried out by Goldman Sachs and Morgan Stanley. During a Trump Cabinet meeting at Camp David, U.S. Treasury Secretary Besent's notebook revealed plans to purchase $5 billion to $10 billion worth of yen. A spokesperson for the U.S. Treasury declined to comment on the contents of the memo or whether intervention actions had been taken that day. (Jin10)