China’s currency faces pressure to appreciate after US and Japan coordinate rare yen intervention

The US and Japan conducted their first coordinated currency intervention in over a decade, with the US selling euros to stabilize the yen. This move puts pressure on China's currency to appreciate and signals strategic shifts in global monetary policies. However, the Bank of Japan faces division with the US regarding future policy steps, as potential rate hikes could disrupt global markets, affecting Japanese exports, bond yields, and international cross-border capital flows during this period.