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A Federal Reserve Bank of New York report confirmed previous indications that the US Treasury used roughly $500 million worth of euros from its holdings in the July 31 intervention to prop up the yen that was coordinated with Japan.
Chronology
US Confirms $500 Million Spent on Yen Intervention, With Euros
A Federal Reserve Bank of New York report confirmed previous indications that the US Treasury used roughly $500 million worth of euros from its holdings in the July 31 intervention to prop up the yen that was coordinated with Japan.
Reduced historical snapshot. The full archived contents could not be verified.
US Confirms $500 Million Spent on Yen Intervention, With Euros
A Federal Reserve Bank of New York report confirmed previous indications that the US Treasury used roughly $500 million worth of euros from its holdings in the July 31 intervention to prop up the yen that was coordinated with Japan.
Reduced historical snapshot. The full archived contents could not be verified.
US Confirms $500 Million Spent on Yen Intervention, With Euros
A Federal Reserve Bank of New York report confirmed previous indications that the US Treasury used roughly $500 million worth of euros from its holdings in the July 31 intervention to prop up the yen that was coordinated with Japan.
Reduced historical snapshot. The full archived contents could not be verified.
Reporting
- US Confirms $500 Million Spent on Yen Intervention, With Euros
A Federal Reserve Bank of New York report confirmed previous indications that the US Treasury used roughly $500 million worth of euros from its holdings in the July 31 intervention to prop up the yen that was coordinated with Japan.
- Dollar near 19-mth high on rate hike bets; yen back on intervention watch
- US Treasury bought yen in July; Fed made no solo FX interventions in Q3
- Japan Spent Record $50 Billion in Single Day to Bolster Yen
Japan spent a record $50 billion in one day during July to prop up the yen, underscoring an aggressive intervention campaign that included rare joint action with the U.S.
- Japan FX intervention data underscores challenge of reversing weak yen
- Yen Slides Back to 160 Despite Record Intervention
The yen slid back to 160 per dollar despite Japan's record 27.1 trillion yen intervention, raising concerns over import prices and policy limits.
Analysis
- US Treasury bought yen in July, its first intervention since 1998, as yen nears 160 again
The report confirms that the US is a willing partner in yen support, not just a bystander.
Earlier on MacroDigest
- US Treasury bought yen in July; Fed made no solo FX interventions in Q3
- Yen nears key ¥160 level after U.S. inflation data, sparking intervention risk
- Japan’s Mimura says markets shouldn’t forget intervention risks as yen nears 160
- Japan’s FX Chief Warns Not To Forget Summer Intervention
- Japan’s FX Chief Warns Not To Forget Summer Intervention
- Japan Spent Record $50 Billion in Single Day to Bolster Yen
- Japan Spent Record $50 Billion in Single Day to Bolster Yen
- Japan Spent Record $50 Billion in Single Day to Bolster Yen
- Japan revives spending review as high JGB yields sharpen focus on funding pledges
- Japan reboots DOGE-style spending review to fund Takaichi pledges as JGB yields climb
- US confirmed its July yen-support operation used Treasury rather than Federal Reserve funds
- US confirms Japan yen intervention used Treasury funds rather than Fed resources
- US confirms Treasury-funded joint intervention with Japan supported the yen
- US confirms Treasury-backed joint intervention to support the yen
- US confirms Treasury, not Fed, funded the late-July yen-support intervention
- US confirms Treasury, not Fed, funded joint yen-support intervention
- US confirms Treasury, not Fed, funded July yen-support intervention
- US confirms Treasury, not Fed, funded joint late-July yen intervention
- Yen Intervention Risk Re-Emerges as 160 Per Dollar Level Nears
- Yen Intervention Risk Re-Emerges as 160 Per Dollar Level Nears