Yen Rebounds on Verbal Intervention, US-Japan Security Pact

Yen banknotes arranged in Tokyo, Japan. The yen rebounded after officials verbally intervened, while US and Japanese leaders pledged to deepen security ties. The currency rose as much as 0.7% against the dollar, the first day of gains in eight. It traded near the weakest level since February on Monday and is the worst performing Group-of-10 currency this month, having slumped around 3% against the greenback. Most Read from Bloomberg The move came as Japan’s minister for growth strategy Minoru Kiuchi sa ...