Japan could formally confirm joint currency action with Washington on Monday, and one official told Reuters the operation is still ongoing, turning the announcement into a live market event.

Bitcoin trades near $63,000, exposed to a bond market problem most crypto traders have not priced.

The Bond Market Reason Behind the Cooperation

The 2011 comparison matters more than it appears. That year the Group of Seven (G7) sold yen to stop it rising, meaning this is the first coordinated effort in 15 years pushing the currency the opposite direction.

Finance Minister Satsuki Katayama will make the announcement, two officials told Reuters. Her top currency diplomat,…