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US Treasury Reportedly Plans Yen Intervention to Support Japanese Currency

Reports indicate that the US Treasury is planning to intervene in the currency market on October 31 by buying yen, an unusual move if it is a coordinated intervention. This action is aimed at supporting Japan's currency.

1 Aug, 02:45 — 1 Aug, 02:45
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Sources

Showing 1 of 2 sources
Times of IndiaMostly Factual3h ago

'Buy $5-10 billion yen': Bessent's note hints at US plan to back Japan's currency

The United States Treasury is reportedly considering buying Japanese yen. This move follows reports of potential intervention in the currency market. Japanese authorities had already intervened to support their currency earlier. The dollar slipped against the yen as these reports emerged. This marks a significant intervention in support of Japan's currency.

By TOI BUSINESS DESK

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Coverage Timeline

First report: Times of India · 1 Aug, 02:45Full coverage: 2 · 1mWindow: 1m
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Times of India1 Aug, 02:45First to report

'Buy $5-10 billion yen': Bessent's note hints at US plan to back Japan's currency

NHK World1 Aug, 02:46Latest update

米財務省が31日に円買い介入と報道 協調介入であれば異例

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