U.S. Treasury intervenes to support yen after Japan steps in, report says

🇯🇵 The Japan Times (JP) —

AI Summary

The U.S. Treasury supported the yen by conducting euro sales through the Federal Reserve Bank of New York, involving Goldman Sachs and Morgan Stanley. This intervention followed Japan's efforts to bolster its currency as reported by the Financial Times.

The Federal Reserve Bank of New York conducted a sale of euros to ⁠buy yen on behalf of the Treasury ⁠through Goldman Sachs and Morgan Stanley, the Financial Times reported.

World Markets Deals U.S. Treasury yen currency intervention Federal Reserve Bank Goldman Sachs Morgan Stanley Japan

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