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Yen Boost, Oil Drop, Global Markets React | Tulsa News
The U.S. and Japan just dropped over $50 billion to prop up the yen—yes, seriously—as the dollar soars amid global uncertainty. While a weaker yen helps Japanese exporters and tourism, it hikes import costs. Meanwhile, oil prices plummeted after Trump hinted at holding off on Iran strikes, signaling possible Middle East de-escalation. This coordinated currency move shows Washington’s active backing of Tokyo, reshaping global trade. Asian markets reacted wildly: Japan’s Nikkei fell, South Korea’s Kospi nosedived after a wild rally, while others like Hong Kong and Australia moved modestly…
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