CurrenciesScott Bessent's to-do list: Buy $5bn-$10bn worth of yen, Reuters photo showsThis notepad in front of U.S. Secretary of the Treasury Scott Bessent reads, "To Do Buy Japanese Yen $5-10 bil." The note -- seen as Bessent was participating in a cabinet meeting at Camp David, Maryland, U.S., on July 31 -- was photographed at 11:33 a.m. U.S. East Coast time. © ReutersAugust 1, 2026 12:20 JST(Reuters) - The U.S. Treasury stepped into the currency market on Friday to back the battered yen, the Financial Times reported, marking Washington's first intervention along with Tokyo to support Japan's currency in more than a decade as it languishes near 40-year lows.The Federal Reserve Bank of New York conducted a sale of euros to buy yen on behalf of the Treasury through Goldman Sachs and Morgan Stanley, the FT said, citing people familiar with the matter. The report did not indicate any amounts of yen purchased.The reported action would be the U.S. Treasury's first direct support for the yen since 2011, when it coordinated with fellow G7 nations to stabilize markets after Japan's earthquake and tsunami disaster.Earlier on Friday, the U.S. Treasury informed a number of banks that it might intervene in the yen market and that they should "stand ready for future action," a source familiar with the matter told Reuters.A Reuters photo of U.S. Treasury Secretary Scott Bessent's notepad during a cabinet meeting at Camp David in Maryland showed that he was contemplating U.S. purchases of $5 billion to $10 billion worth of Japanese yen.