It was Washington's first yen-buying intervention with Tokyo in more than a decade as it languishes near 40-year lows.

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 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…