The Group of Seven will intervene in the foreign exchange market for the first time in over 10 years after Japan’s currency soared, Bloomberg reports. All the G-7 members, including the U.S., Germany, France and Canada, will sell yen as their markets open. G-7 members have not jointly intervened in the market since September 2000, when they sought to help the euro as it dropped in its second year of existence. The Bank of Japan is also infusing cash in the financial system to stabilize money markets and has doubled an asset-purchase fund.

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