The Zhitong Finance App learned that the Federal Reserve said on Wednesday that the US and Japan jointly entered the market at the end of July to intervene and support the yen were led by the US Treasury Department, and the Fed's own funds were not involved. This action is the first time in nearly 30 years that the US and Japan have joined forces to intervene in the foreign exchange market to support the yen. Previously, the yen fell to its lowest level against the US dollar since the 80s of the last century.

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