US Treasury informed banks that it may intervene in yen, source says

Monitors display the current Japanese Yen exchange rate against the U.S. dollar at a dealing room of the foreign exchange trading company Gaitame.com in Tokyo, Japan, July 31, 2026. REUTERS/Manami Yamada

31 Jul 2026 09:41PM

July 31 : The U.S. Treasury has informed a number of banks that it may intervene in the yen market on Friday and that they should "stand ready for future action," a source familiar with the matter told Reuters.The notice to banks, channeled through the Federal Reserve Bank of New York, comes a day after Japanese authorities stepped in to prop up the yen, setting the currency up for its biggest weekly rise since February, pulling it off of four-decade lows against the dollar.

Source: Reuters