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Story summary
- Japan and the United States carried out a coordinated yen intervention on July 31, citing their “currency alliance.”
- Currency diplomat Atsushi Mimura urged markets to accept Tokyo and Washington’s clear yen-weakness message.
- Mimura said he was neither satisfied nor reassured by the yen’s recent moves.
- After his comments, the yen rose above 157, trading near 156.75 per dollar.