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Fed used Treasury funds for yen intervention

The Federal Reserve stated that US participation with Japan in intervening to support the yen in late July was a Treasury Department move with no involvement of its own funds.

Original · Bloomberg AI summary of public reporting

Why: US-Treasury yen intervention supports JPY

JPY
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Prices since publication

At publication → Current
JPY157.89 → 158.25+0.2%
Fed used Treasury funds for yen intervention | SignalHub