The United States Treasury intervened in yen exchange rates on Friday. This action supported the Japanese currency through outright purchases by the Treasury. The Federal Reserve Bank of New York conducted a sale of euros. This sale was done to buy yen on behalf of the Treasury. These details were reported by the Financial Times citing familiar sources.

TOKYO, July 31 : Japan conducted massive yen-buying, dollar-selling market intervention in New York markets on Thursday, the Nikkei newspaper reported, citing market sources.U.S.…

TOKYO, July 31 : Japan conducted yen-buying, dollar-selling market intervention in New York markets on Thursday, a market source said, pulling the sagging currency from…

Banks told to prepare for possible operation to buy Japanese currency

Banks told to prepare for potential operation to buy Japanese currency

The United States Treasury intervened in yen exchange rates on Friday. This action supported the Japanese currency through outright purchases by the Treasury. The Federal…