The Federal Reserve is set to sell US dollars and purchase Japanese yen in a coordinated intervention to stabilize the yen, marking the first such action this century. According to NS3.AI, this move has been seen by BRICS nations as an endorsement of their initiatives to lessen dependence on the US dollar, with Russia and China at the forefront of using their own currencies for trade. This development indicates a significant shift in global monetary policy, potentially affecting international trade, currency stability, and investor strategies.