From Nikkei Asia · · 40s
US Treasury buys $497m yen in July forex intervention
US Treasury bought $497m yen during joint July forex intervention with Japan.
In brief
US Treasury bought $497m yen during joint July forex intervention with Japan. US Treasury purchased 79.4 billion yen ($497 million) in a coordinated intervention with Japan to stop yen sell-off. Originally reported by Nikkei Asia.
US Treasury intervention
US Treasury bought 79.4 billion yen ($497 million) in coordinated intervention with Japan to stop yen sell-off.
July 31 forex action
Federal Reserve Bank of New York confirmed US Treasury bought 79.4 billion yen during joint intervention.
Finance minister and treasury secretary
Japanese Finance Minister Satsuki Katayama and US Treasury Secretary Scott Bessent worked together to stop yen sell-off.
The main idea
US Treasury purchased 79.4 billion yen ($497 million) in a coordinated intervention with Japan to stop yen sell-off.
