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Japan's yen defense is now confirmed by both governments. The MOF said it purchased yen with the US Treasury through the New York Fed, marking the first coordinated US-Japan operation of this kind since 1998. Two intervention rounds totaling about 14-15tn yen pushed USD/JPY from above 162 to below 156. Bessent's stated support raises the credibility of further action, but lasting currency adjustment still depends on policy fundamentals alongside official buying. Just my read, not advice. #USJapanYenIntervention #OKXOrbit