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The message beneath the yen intervention
The U.S. participation may have been an effort to enable the Japanese to smooth gyrations in their currency without creating more market pressure for Treasury bonds.
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zerohedge.com
US Treasury Informed Banks It May Intervene In Japan's Yen, As Market Laughs At BOJ's Own Attempts To Prop Up Currency
The US Treasury informed a number of banks that it may intervene in the Japanese yen market on Friday and that they should "stand ready for future action."
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channelnewsasia.com
US Treasury intervenes to support yen after Japan steps in, FT reports
July 31 : The U.S. Treasury intervened to support the yen on Friday through outright purchases, the Financial Times reported, joining Japan in its efforts to boost the currency…
