US Treasury undertakes intervention in yen market, FT reports

FILE PHOTO: Yen and U.S. dollar banknotes are seen in this illustration taken March 19, 2025. REUTERS/Dado Ruvic/Illustration/File Photo 01 Aug 2026 08:28AM (Updated: 01 Aug 2026 08:30AM) July 31 : The U.S. Treasury intervened in yen exchange rates on Friday to support the Japanese currency through outright purchases, the Financial Times reported, citing people familiar with the matter.The Federal Reserve Bank of New York conducted a sale of euros to buy yen on behalf of the Treasury, the report said. Source: Reuters