US and Japan flirt with joint currency intervention

美日两国玩弄联合货币干预的把戏

FT News Briefing

2026-01-27

11 分钟
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The Trump administration has linked security guarantees for Ukraine to Kyiv ceding the Donbas region to Russia, and there’s speculation that the US and Japan could be working together to support the yen. Plus, Israel’s military announced it had retrieved the remains of the last hostage from the Gaza Strip, and Big Tech companies are on track to dominate borrowing in the US bond market. Mentioned in this podcast: US links security guarantees for Ukraine to peace deal ceding territory Dollar sinks to 4-month low and gold soars past $5,000 as yen leaps Israel retrieves remains of last hostage in Gaza Big Tech’s borrowing spree raises US bond market fears Send your voice memos to: marc.filippino@ft.com Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Clare Williamson and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
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  • Good morning from The Financial Times.

  • Today is Tuesday, January 27th, and this is your FT News Briefing.

  • The U.S.

  • has controversial conditions for Ukrainian security guarantees, and the Yen took a leap yesterday.

  • Plus, Big Tech is going on a massive borrowing spree.

  • I'm Sonia Hudson, and here's the news you need to start your day.

  • The U.S.

  • is linking security guarantees for Ukraine to giving up territory to Russia.

  • The Trump administration has indicated to Kyiv that it would need to agree to a peace deal that involves ceding the eastern Donbas region.

  • That's according to eight people familiar with the talks.

  • The White House said, quote, this is totally false.

  • Ukrainian President Volodymyr Zelensky's office did not reply to a request for comment.

  • Ukrainian and European officials described the US stance as an attempt to strongarm Kiev into making painful territorial concessions.

  • Giving up the Donbass has been a red line for Zelensky and for a majority of Ukrainians,

  • according to polling earlier this month.

  • The dollar sank to a four-month low yesterday.

  • But the Japanese yen kept climbing and climbing.

  • It leaped up 1% to the dollar.

  • There's speculation that the U.S.

  • and Japan could be working together to support the yen.